Morningstar Investment Services LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 46.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,258 shares of the company's stock after selling 5,530 shares during the period. Morningstar Investment Services LLC's holdings in PepsiCo were worth $938,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $28,000. Elite Financial Inc. acquired a new stake in PepsiCo during the first quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter worth approximately $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo Stock Down 1.5%
Shares of NASDAQ PEP traded down $2.20 during midday trading on Friday, reaching $143.24. 13,738,009 shares of the company's stock were exchanged, compared to its average volume of 7,239,591. The stock has a market capitalization of $196.39 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The business's fifty day moving average price is $132.23 and its two-hundred day moving average price is $141.18.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share 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 firm 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 earnings per share. The firm's revenue for the quarter was up 1.0% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.
Analyst Ratings Changes
Several analysts have recently weighed in on PEP shares. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday, July 10th. Bank of America decreased their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $159.50.
Read Our Latest Research Report on PEP
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.
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