Bailard Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.9% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 73,876 shares of the company's stock after buying an additional 2,107 shares during the period. Bailard Inc.'s holdings in PepsiCo were worth $11,077,000 as of its most recent filing with the SEC.
Other large investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares during the period. Proficio Capital Partners LLC lifted its holdings in shares of PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after acquiring an additional 824 shares during the period. Thrivent Financial for Lutherans boosted its position in shares of PepsiCo by 12.8% during the 4th quarter. Thrivent Financial for Lutherans now owns 122,510 shares of the company's stock worth $18,767,000 after acquiring an additional 13,857 shares in the last quarter. Finally, Horizon Investments LLC raised its position in PepsiCo by 3.2% during the fourth quarter. Horizon Investments LLC now owns 24,644 shares of the company's stock valued at $3,747,000 after purchasing an additional 754 shares in the last quarter. 73.07% of the stock is owned by institutional investors.
Wall Street Analyst Weigh In
A number of brokerages recently issued reports on PEP. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $159.50.
Check Out Our Latest Analysis on PEP
PepsiCo Stock Performance
Shares of PepsiCo stock traded down $2.20 during trading hours on Friday, reaching $143.24. The company had a trading volume of 13,738,009 shares, compared to its average volume of 7,231,964. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The firm has a market cap of $196.39 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.45 and a beta of 0.45. The business has a fifty day simple moving average of $132.23 and a 200 day simple moving average of $141.18.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (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 firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the company posted $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. PepsiCo's dividend payout ratio (DPR) is 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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