Chicago Partners Investment Group LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.9% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,895 shares of the company's stock after acquiring an additional 1,802 shares during the quarter. Chicago Partners Investment Group LLC's holdings in PepsiCo were worth $2,533,000 at the end of the most recent reporting period.
A number of other hedge funds have also modified their holdings of PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its position in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after acquiring an additional 11,538 shares during the period. Renaissance Technologies LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth approximately $74,975,000. Phoenix Financial Ltd. lifted its position in shares of PepsiCo by 9.3% in the fourth quarter. Phoenix Financial Ltd. now owns 31,168 shares of the company's stock worth $4,748,000 after purchasing an additional 2,659 shares in the last quarter. Finally, Kelman Lazarov Inc. grew its position in PepsiCo by 5.4% during the fourth quarter. Kelman Lazarov Inc. now owns 1,643 shares of the company's stock valued at $250,000 after purchasing an additional 84 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.
Analyst Upgrades and Downgrades
A number of equities research analysts have issued reports on PEP shares. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Morgan Stanley lifted their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. Finally, Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. One equities research 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. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $158.73.
Get Our Latest Research Report on PepsiCo
PepsiCo Stock Performance
NASDAQ:PEP opened at $143.92 on Friday. The firm has a market capitalization of $197.04 billion, a PE ratio of 26.21, a PEG ratio of 3.75 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm's fifty day simple moving average is $135.19 and its 200 day simple moving average is $140.76.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business posted $2.28 earnings per share. The firm's revenue was up 1.0% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Dividend Announcement
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.
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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