Eagle Rock Investment Company LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 29,220 shares of the company's stock after purchasing an additional 2,158 shares during the period. Eagle Rock Investment Company LLC's holdings in PepsiCo were worth $4,381,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter worth approximately $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Trading Down 0.8%
PEP stock opened at $130.03 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company has a fifty day moving average price of $136.15 and a two-hundred day moving average price of $146.25. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock has a market cap of $178.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the prior year, the business posted $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
Analyst Upgrades and Downgrades
PEP has been the subject of several research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Research Report on PepsiCo
PepsiCo Company 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
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).
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