Middleton & Co. Inc. MA raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 14.6% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 28,888 shares of the company's stock after acquiring an additional 3,676 shares during the quarter. Middleton & Co. Inc. MA's holdings in PepsiCo were worth $4,331,000 at the end of the most recent quarter.
Other hedge funds also recently added to or reduced their stakes in the company. Legacy Financial Group LLC raised its holdings in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares during the period. Pflug Koory LLC grew its position in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the last quarter. Hoge Financial Services LLC raised its stake in PepsiCo by 2.1% during the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock worth $545,000 after acquiring an additional 76 shares during the period. Members Trust Co lifted its holdings in PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company's stock worth $891,000 after acquiring an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC boosted its stake in PepsiCo by 2.3% in the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock valued at $536,000 after acquiring an additional 78 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Stock Up 0.2%
PEP stock opened at $139.56 on Tuesday. The firm has a market cap of $191.07 billion, a PE ratio of 25.42, a P/E/G ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a 50 day simple moving average of $134.83 and a 200 day simple moving average of $140.77.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.28 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.1%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.
Analyst Upgrades and Downgrades
A number of analysts have recently weighed in on the company. JPMorgan Chase & Co. dropped their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Barclays boosted their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a report on Monday, July 21st. Finally, Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.73.
Read Our Latest Report on PepsiCo
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.
Further Reading
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