Forbes J M & Co. LLP Purchases 2,219 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Forbes J M & Co. LLP raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 91,069 shares of the company's stock after acquiring an additional 2,219 shares during the period. PepsiCo comprises 1.3% of Forbes J M & Co. LLP's holdings, making the stock its 26th biggest holding. Forbes J M & Co. LLP's holdings in PepsiCo were worth $13,655,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. SYM FINANCIAL Corp boosted its position in shares of PepsiCo by 90.3% during the 1st quarter. SYM FINANCIAL Corp now owns 3,888 shares of the company's stock worth $583,000 after purchasing an additional 1,845 shares in the last quarter. Granite Group Advisors LLC lifted its holdings in PepsiCo by 51.1% during the first quarter. Granite Group Advisors LLC now owns 17,680 shares of the company's stock worth $2,651,000 after acquiring an additional 5,977 shares during the period. Oak Thistle LLC bought a new stake in PepsiCo in the first quarter worth about $2,688,000. Efficient Advisors LLC bought a new stake in PepsiCo in the 1st quarter valued at about $681,000. Finally, Beacon Investment Advisory Services Inc. raised its holdings in PepsiCo by 36.9% during the 1st quarter. Beacon Investment Advisory Services Inc. now owns 42,452 shares of the company's stock valued at $6,365,000 after acquiring an additional 11,440 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ:PEP opened at $146.04 on Wednesday. The firm has a 50 day simple moving average of $132.23 and a 200-day simple moving average of $141.04. 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 firm has a market cap of $199.94 billion, a PE ratio of 26.60, a P/E/G ratio of 4.34 and a beta of 0.45. 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 data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same period in the prior year, the firm posted $2.28 EPS. The business's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.90%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the topic of several recent research reports. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. UBS Group dropped 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. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo 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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