PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by MGO One Seven LLC

Key Points

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MGO One Seven LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.3% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,248 shares of the company's stock after buying an additional 3,490 shares during the period. MGO One Seven LLC's holdings in PepsiCo were worth $5,585,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Elite Financial Inc. bought a new position in PepsiCo during the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $31,000. GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $38,000. Finally, Sunbeam Capital Management LLC purchased a new position in PepsiCo during the 4th quarter valued at $47,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of research analyst reports. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Barclays upped their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Wells Fargo & Company lifted their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Up 0.6%

Shares of NASDAQ PEP traded up $0.83 during mid-day trading on Friday, reaching $138.75. The company had a trading volume of 1,740,690 shares, compared to its average volume of 8,551,521. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The stock has a market cap of $189.97 billion, a P/E ratio of 25.24, a PEG ratio of 3.81 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a 50 day simple moving average of $134.43 and a two-hundred day simple moving average of $140.93.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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. 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 company earned $2.28 earnings per share. The company's revenue was up 1.0% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is currently 103.64%.

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.