Good Steward Wealth Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 3,360 shares of the company's stock, valued at approximately $504,000.
Several other hedge funds and other institutional investors have also bought and sold shares of PEP. Norges Bank purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $2,729,565,000. GAMMA Investing LLC grew its position in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. purchased a new stake in PepsiCo during the 4th quarter valued at $589,307,000. Charles Schwab Investment Management Inc. lifted its holdings in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Finally, Assenagon Asset Management S.A. boosted its stake in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after buying an additional 1,809,391 shares during the last quarter. Institutional investors own 73.07% of the company's stock.
Analyst Ratings Changes
A number of research analysts have weighed in on the company. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $160.69.
Read Our Latest Stock Report on PEP
PepsiCo Stock Performance
NASDAQ:PEP opened at $129.07 on Friday. The stock has a 50-day moving average price of $133.50 and a 200 day moving average price of $144.28. The stock has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the firm posted $1.61 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. PepsiCo's dividend payout ratio is presently 83.68%.
PepsiCo Company Profile
(
Free Report)
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.
Featured Stories
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PepsiCo, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and PepsiCo wasn't on the list.
While PepsiCo currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
