360 Financial Inc. Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• 360 Financial Inc. increased its stake in PepsiCo by 156.3%, owning 5,403 shares worth $810,000 as of its latest SEC filing.
• Several institutional investors, including GAMMA Investing LLC and Assenagon Asset Management, significantly increased their holdings in PepsiCo, indicating a strong interest in the company.
• PepsiCo reported earnings exceeding analysts' estimates, with $2.12 earnings per share and total revenue of $22.73 billion for the quarter.

360 Financial Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 156.3% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 5,403 shares of the company's stock after purchasing an additional 3,295 shares during the period. 360 Financial Inc.'s holdings in PepsiCo were worth $810,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Wellington Shields & Co. LLC lifted its holdings in PepsiCo by 3.5% in the first quarter. Wellington Shields & Co. LLC now owns 5,915 shares of the company's stock valued at $887,000 after acquiring an additional 200 shares during the last quarter. Arkadios Wealth Advisors lifted its stake in shares of PepsiCo by 66.4% in the 1st quarter. Arkadios Wealth Advisors now owns 22,280 shares of the company's stock valued at $3,341,000 after purchasing an additional 8,893 shares during the last quarter. Brucke Financial Inc. increased its position in shares of PepsiCo by 51.0% during the 1st quarter. Brucke Financial Inc. now owns 2,178 shares of the company's stock worth $327,000 after purchasing an additional 736 shares during the last quarter. XTX Topco Ltd acquired a new position in PepsiCo in the first quarter valued at about $520,000. Finally, Harvest Fund Management Co. Ltd increased its position in shares of PepsiCo by 12.7% during the first quarter. Harvest Fund Management Co. Ltd now owns 90,978 shares of the company's stock valued at $13,640,000 after acquiring an additional 10,233 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.7%

NASDAQ PEP traded down $1.03 during trading on Wednesday, reaching $142.86. 9,730,855 shares of the company's stock were exchanged, compared to its average volume of 8,992,737. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The stock has a market cap of $195.59 billion, a P/E ratio of 26.02, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The company has a 50 day moving average price of $134.27 and a two-hundred day moving average price of $140.98.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the business earned $2.28 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 3.98%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

Analysts Set New Price Targets

Several analysts recently weighed in on the stock. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Citigroup boosted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday, July 18th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, JPMorgan Chase & Co. cut their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Company Profile

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.