OneDigital Investment Advisors LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 55,935 shares of the company's stock after selling 3,028 shares during the quarter. OneDigital Investment Advisors LLC's holdings in PepsiCo were worth $8,387,000 at the end of the most recent reporting period.
Several other institutional investors and hedge funds have also recently modified their holdings of the company. Avantax Planning Partners Inc. raised its holdings in shares of PepsiCo by 11.2% in the 1st quarter. Avantax Planning Partners Inc. now owns 53,689 shares of the company's stock valued at $8,050,000 after buying an additional 5,397 shares during the period. Calamos Wealth Management LLC raised its holdings in shares of PepsiCo by 57.9% in the 1st quarter. Calamos Wealth Management LLC now owns 110,065 shares of the company's stock valued at $16,503,000 after buying an additional 40,342 shares during the period. Calamos Advisors LLC grew its stake in PepsiCo by 24.8% during the 1st quarter. Calamos Advisors LLC now owns 246,820 shares of the company's stock worth $37,008,000 after purchasing an additional 49,087 shares in the last quarter. MBA Advisors LLC grew its stake in PepsiCo by 2.4% during the 1st quarter. MBA Advisors LLC now owns 6,451 shares of the company's stock worth $967,000 after purchasing an additional 149 shares in the last quarter. Finally, Aurora Private Wealth Inc. acquired a new position in PepsiCo during the 1st quarter worth $1,617,000. Hedge funds and other institutional investors own 73.07% of the company's stock.
PepsiCo Stock Performance
Shares of NASDAQ PEP traded down $0.91 during trading hours on Friday, reaching $135.58. The stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,059,939. The firm has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The firm has a 50-day moving average of $131.40 and a 200-day moving average of $142.17.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.20%. PepsiCo's dividend payout ratio is currently 83.68%.
Wall Street Analysts Forecast Growth
PEP has been the subject of several analyst reports. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Bank of America lowered their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research 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 assigned a buy rating to the company's stock. According to data from MarketBeat, PepsiCo currently has an average rating of "Hold" and a consensus price target of $159.75.
Read Our Latest Analysis on PEP
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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