Edgar Lomax Co. VA Buys New Stake in PepsiCo, Inc. $PEP

Key Points

• Edgar Lomax Co. has purchased a new stake in PepsiCo, Inc., acquiring 33,415 shares valued at approximately $5 million during the first quarter.
• PepsiCo recently reported earnings of $2.12 per share, exceeding estimates, with a revenue of $22.73 billion, representing a year-over-year increase of 1%.
• The company declared a quarterly dividend of $1.4225 per share, leading to an annualized dividend yield of 3.8%, and currently has a high dividend payout ratio of 103.64%.

Edgar Lomax Co. VA bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 33,415 shares of the company's stock, valued at approximately $5,010,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Elite Financial Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the 4th quarter worth $31,000. Sunbeam Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth $47,000. MorganRosel Wealth Management LLC acquired a new stake in shares of PepsiCo during the 1st quarter worth $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in shares of PepsiCo during the 1st quarter worth $58,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 1.2%

Shares of PepsiCo stock opened at $150.40 on Monday. The business has a 50-day moving average of $137.39 and a 200-day moving average of $140.48. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The company has a market capitalization of $205.91 billion, a PE ratio of 27.40, a P/E/G ratio of 4.01 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $179.73.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The company 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%. The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

Analyst Upgrades and Downgrades

A number of analysts have recently commented on PEP shares. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. dropped their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat.com, PepsiCo presently 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.

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