Arizona State Retirement System boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 405,693 shares of the company's stock after acquiring an additional 7,718 shares during the period. Arizona State Retirement System's holdings in PepsiCo were worth $60,830,000 as of its most recent SEC filing.
Other large investors also recently modified their holdings of the company. B & T Capital Management DBA Alpha Capital Management lifted its holdings in PepsiCo by 5.5% during the first quarter. B & T Capital Management DBA Alpha Capital Management now owns 26,177 shares of the company's stock worth $3,925,000 after acquiring an additional 1,369 shares during the period. SkyOak Wealth LLC increased its position in PepsiCo by 5.2% in the first quarter. SkyOak Wealth LLC now owns 6,107 shares of the company's stock worth $916,000 after buying an additional 300 shares during the last quarter. PYA Waltman Capital LLC raised its stake in PepsiCo by 7.6% in the 1st quarter. PYA Waltman Capital LLC now owns 18,220 shares of the company's stock valued at $2,732,000 after acquiring an additional 1,283 shares during the period. IFC Advisors LLC raised its stake in PepsiCo by 2.9% in the 1st quarter. IFC Advisors LLC now owns 8,770 shares of the company's stock valued at $1,315,000 after acquiring an additional 249 shares during the period. Finally, Lane & Associates LLC increased its position in shares of PepsiCo by 5.8% during the first quarter. Lane & Associates LLC now owns 2,221 shares of the company's stock valued at $333,000 after buying an additional 122 shares during the period. Institutional investors own 73.07% of the company's stock.
PepsiCo Stock Performance
PepsiCo stock traded down $0.82 during trading hours on Friday, hitting $135.26. 7,958,581 shares of the stock traded hands, compared to its average volume of 7,078,854. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm's 50 day moving average price is $131.49 and its 200-day moving average price is $141.50. The stock has a market capitalization of $185.45 billion, a price-to-earnings ratio of 19.89, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm's revenue was down 1.8% on a year-over-year basis. During the same period last year, the business earned $1.61 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.
Analyst Ratings Changes
Several equities research analysts have recently weighed in on PEP shares. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays decreased their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $158.19.
Read Our Latest Analysis on PepsiCo
PepsiCo 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.
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