PepsiCo, Inc. (NASDAQ:PEP) Stock Position Raised by Berger Financial Group Inc

Key Points

• Berger Financial Group Inc increased its holdings in PepsiCo, Inc. by 304.3%, acquiring an additional 37,197 shares valued at approximately $7.41 million.
• PepsiCo reported quarterly earnings of $2.12 per share, surpassing expectations and achieving revenues of $22.73 billion, up 1.0% year-over-year.
• The company announced a quarterly dividend of $1.4225 per share with a yield of 3.9%, to be paid on September 30th.

Berger Financial Group Inc boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 304.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,420 shares of the company's stock after purchasing an additional 37,197 shares during the period. Berger Financial Group Inc's holdings in PepsiCo were worth $7,410,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in PepsiCo by 1.4% during the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 5.0% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock valued at $3,969,698,000 after buying an additional 1,258,198 shares during the period. Northern Trust Corp boosted its holdings in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the period. Bank of New York Mellon Corp boosted its holdings in shares of PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after buying an additional 49,699 shares during the period. Finally, Capital Research Global Investors boosted its holdings in shares of PepsiCo by 7.4% in the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock valued at $1,832,116,000 after buying an additional 831,148 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock traded down $0.34 during midday trading on Monday, reaching $144.87. 5,772,177 shares of the company were exchanged, compared to its average volume of 9,407,565. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a market cap of $198.34 billion, a P/E ratio of 26.39, a PEG ratio of 3.87 and a beta of 0.45. The company's 50 day moving average price is $135.98 and its two-hundred day moving average price is $140.57. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.28 earnings per share. On average, sell-side analysts expect 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. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo's payout ratio is 103.64%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Citigroup lifted their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday, July 18th. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. 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. According to data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus target price 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.