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Davis R M Inc. Increases Position in PepsiCo, Inc. (NASDAQ:PEP)

PepsiCo logo with Consumer Staples background

Key Points

  • Davis R M Inc. increased its stake in PepsiCo by 9.7% in the 1st quarter, bringing its total holdings to 324,517 shares valued at approximately $48.66 million.
  • PepsiCo reported $2.12 earnings per share for the last quarter, which exceeded analysts' expectations, alongside a revenue of $22.73 billion.
  • The company announced a quarterly dividend of $1.4225 per share, which reflects an annual yield of 3.98% and a payout ratio of 103.64%.
  • Five stocks we like better than PepsiCo.

Davis R M Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.7% during the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 324,517 shares of the company's stock after purchasing an additional 28,756 shares during the quarter. Davis R M Inc.'s holdings in PepsiCo were worth $48,658,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Legacy Financial Group LLC increased its stake in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after buying an additional 71 shares in the last quarter. Pflug Koory LLC grew its position in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares in the last quarter. Hoge Financial Services LLC grew its position in shares of PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares in the last quarter. Members Trust Co grew its position in shares of PepsiCo by 1.3% during the first quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares in the last quarter. Finally, Fairview Capital Investment Management LLC grew its position in PepsiCo by 2.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after acquiring an additional 78 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.5%

PEP stock traded up $0.74 during trading on Friday, hitting $138.66. 1,288,691 shares of the company's stock traded hands, compared to its average volume of 8,549,723. The firm has a market capitalization of $189.84 billion, a P/E ratio of 25.26, a PEG ratio of 3.81 and a beta of 0.45. The business has a fifty day simple moving average of $134.43 and a two-hundred day simple moving average of $140.93. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. 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 released 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company earned $2.28 earnings per share. The business's revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

Analyst Ratings Changes

Several research analysts recently commented on the company. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup raised 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, July 18th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus price target of $158.73.

Check Out Our Latest Stock Report 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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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