Atria Investments Inc increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 121,199 shares of the company's stock after buying an additional 19,666 shares during the quarter. Atria Investments Inc's holdings in PepsiCo were worth $18,173,000 as of its most recent filing with the Securities and Exchange Commission.
Several other large investors have also made changes to their positions in PEP. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the fourth quarter valued at about $28,000. Elite Financial Inc. purchased a new position in PepsiCo in the first quarter valued at about $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter valued at about $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo in the fourth quarter valued at about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.
Analyst Ratings Changes
Several analysts have recently weighed in on the company. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Wells Fargo & Company raised their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. Finally, Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. 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. According to data from MarketBeat, the stock has an average rating of "Hold" and a consensus target price of $158.73.
Check Out Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
PEP stock traded down $1.15 during midday trading on Thursday, reaching $144.51. The company had a trading volume of 9,742,635 shares, compared to its average volume of 10,424,265. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a 50 day moving average price of $133.35 and a 200 day moving average price of $141.04. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The firm has a market capitalization of $197.85 billion, a PE ratio of 26.32, a P/E/G ratio of 3.99 and a beta of 0.45.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the previous year, the firm posted $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.94%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.
About PepsiCo
(
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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