Principal Securities Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 333.0% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 103,004 shares of the company's stock after acquiring an additional 79,216 shares during the period. Principal Securities Inc.'s holdings in PepsiCo were worth $15,663,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter worth about $28,000. Elite Financial Inc. bought a new position in shares of PepsiCo during the 1st quarter valued at about $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the fourth quarter worth about $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Price Performance
Shares of PEP stock traded down $0.82 during mid-day trading on Friday, reaching $135.26. The company's stock had a trading volume of 7,958,581 shares, compared to its average volume of 7,089,918. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a market cap of $185.45 billion, a P/E ratio of 19.89, a PEG ratio of 4.21 and a beta of 0.45. 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 firm's 50-day moving average is $131.46 and its two-hundred day moving average is $141.78.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the company posted $1.61 EPS. On average, research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company 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. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.
Analyst Upgrades and Downgrades
Several research firms recently commented on PEP. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday. Barclays reduced their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Hold" and a consensus target price of $158.19.
Check Out Our Latest Stock Analysis on PEP
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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