CX Institutional boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 60.9% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 70,846 shares of the company's stock after acquiring an additional 26,812 shares during the period. CX Institutional's holdings in PepsiCo were worth $10,623,000 at the end of the most recent quarter.
A number of other large investors also recently added to or reduced their stakes in the business. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Performance
PEP stock traded up $1.36 during midday trading on Thursday, reaching $131.26. 4,628,260 shares of the company were exchanged, compared to its average volume of 7,859,347. The firm has a market capitalization of $179.97 billion, a price-to-earnings ratio of 18.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The business has a 50-day moving average price of $135.04 and a two-hundred day moving average price of $145.63. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research 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 will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.
Analyst Ratings Changes
A number of research firms recently issued reports on PEP. 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. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Citigroup reduced their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. One 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.com, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Research Report on PepsiCo
PepsiCo Company Profile
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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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