Penserra Capital Management LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 70.8% during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,128 shares of the company's stock after purchasing an additional 2,541 shares during the quarter. Penserra Capital Management LLC's holdings in PepsiCo were worth $917,000 at the end of the most recent reporting period.
Other large investors also recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter worth $31,000. Finally, Summit Securities Group LLC bought a new stake in PepsiCo during the fourth quarter worth $33,000. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
Shares of NASDAQ PEP opened at $134.48 on Thursday. The stock has a market cap of $184.38 billion, a PE ratio of 19.78, a price-to-earnings-growth ratio of 4.22 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The stock has a fifty day moving average of $131.41 and a 200-day moving average of $141.88.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the firm posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The firm also recently announced 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. This represents a $5.69 annualized dividend and a yield of 4.23%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.
Analyst Upgrades and Downgrades
A number of analysts recently commented on the company. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $159.75.
Check Out Our Latest Stock Analysis on PEP
PepsiCo 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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