Dillon & Associates Inc. Has $9.89 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Dillon & Associates Inc. reduced its stake in PepsiCo by 7.3%, holding approximately $9.89 million worth of shares as of their latest filing.
• PepsiCo's recent earnings report beat expectations with an EPS of $2.12, exceeding the forecast of $2.03, alongside a year-over-year revenue increase of 1.0%.
• The company announced a quarterly dividend of $1.4225, with a yield of 3.9%, and a payout ratio currently at 103.64%.

Dillon & Associates Inc. decreased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.3% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 65,898 shares of the company's stock after selling 5,215 shares during the quarter. PepsiCo makes up about 1.5% of Dillon & Associates Inc.'s holdings, making the stock its 20th biggest position. Dillon & Associates Inc.'s holdings in PepsiCo were worth $9,885,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently modified their holdings of the stock. Nuveen LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $946,978,000. GAMMA Investing LLC boosted its stake in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares in the last quarter. Assenagon Asset Management S.A. increased its holdings in shares of PepsiCo by 106.1% during the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after acquiring an additional 1,809,391 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of PepsiCo by 1.4% in the 1st quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock valued at $20,268,027,000 after acquiring an additional 1,802,748 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo in the 4th quarter worth approximately $221,297,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of PEP stock opened at $145.21 on Monday. The stock has a 50 day moving average of $135.71 and a two-hundred day moving average of $140.60. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a market capitalization of $198.80 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.87 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. PepsiCo's revenue was up 1.0% on a year-over-year basis. During the same quarter last year, the company earned $2.28 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed 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 presently 103.64%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. 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 report on Friday, July 18th. Finally, UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of "Hold" and an average price target 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.

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