J.W. Cole Advisors Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 93.6% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 44,915 shares of the company's stock after purchasing an additional 21,718 shares during the period. J.W. Cole Advisors Inc.'s holdings in PepsiCo were worth $6,735,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also recently bought and sold shares of the company. TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its stake in PepsiCo by 0.9% in the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Group LLC lifted its stake in PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the last quarter. Pflug Koory LLC lifted its stake in PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC lifted its stake in PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after acquiring an additional 76 shares during the last quarter. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
Several brokerages have weighed in on PEP. Citigroup lifted 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. UBS Group reduced their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Finally, Morgan Stanley boosted their target price on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. 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 company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and a consensus price target of $158.73.
Get Our Latest Stock Analysis on PEP
PepsiCo Stock Performance
Shares of NASDAQ:PEP traded down $0.12 during mid-day trading on Wednesday, reaching $145.92. 2,674,203 shares of the company traded hands, compared to its average volume of 7,240,919. The company's 50 day moving average price is $132.23 and its 200-day moving average price is $141.04. The firm has a market cap of $199.77 billion, a PE ratio of 26.55, a PEG ratio of 4.34 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share 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%. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.90%. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 103.64%.
About PepsiCo
(
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.
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