Consolidated Portfolio Review Corp boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 95.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 5,847 shares of the company's stock after purchasing an additional 2,857 shares during the quarter. Consolidated Portfolio Review Corp's holdings in PepsiCo were worth $877,000 as of its most recent filing with the SEC.
Other institutional investors and hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the fourth quarter worth approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth $31,000. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in PepsiCo in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 73.07% of the company's stock.
Analyst Upgrades and Downgrades
A number of research analysts have commented on PEP shares. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Citigroup cut their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $159.75.
Get Our Latest Analysis on PepsiCo
PepsiCo Price Performance
Shares of PEP opened at $131.05 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm has a market cap of $179.68 billion, a price-to-earnings ratio of 19.27, a PEG ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a 50 day moving average of $132.60 and a 200-day moving average of $143.54.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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 return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company earned $1.61 EPS. PepsiCo's revenue was down 1.8% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date of this dividend is 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 4.34%. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.
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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