Rathbones Group PLC Has $60.29 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Rathbones Group PLC has reduced its stock holdings in PepsiCo by 21.5%, resulting in ownership of approximately $60.29 million worth of shares.
• PepsiCo reported earnings of $2.12 per share in its latest quarterly earnings, surpassing analyst expectations of $2.03, with revenue reaching $22.73 billion.
• PepsiCo has announced a quarterly dividend of $1.4225 per share, representing an annualized dividend yield of 3.9%, with a payout ratio currently at 103.64%.

Rathbones Group PLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 402,080 shares of the company's stock after selling 109,869 shares during the quarter. Rathbones Group PLC's holdings in PepsiCo were worth $60,288,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Finer Wealth Management Inc. increased its position in PepsiCo by 3.6% in the 1st quarter. Finer Wealth Management Inc. now owns 16,324 shares of the company's stock valued at $2,448,000 after acquiring an additional 567 shares during the period. Bulltick Wealth Management LLC increased its position in PepsiCo by 1.2% in the 1st quarter. Bulltick Wealth Management LLC now owns 11,385 shares of the company's stock valued at $1,707,000 after acquiring an additional 133 shares during the period. Rossmore Private Capital increased its position in PepsiCo by 9.5% in the 1st quarter. Rossmore Private Capital now owns 30,982 shares of the company's stock valued at $4,645,000 after acquiring an additional 2,683 shares during the period. Stone House Investment Management LLC acquired a new position in PepsiCo in the 1st quarter valued at approximately $83,000. Finally, HighTower Advisors LLC increased its position in PepsiCo by 8.9% in the 1st quarter. HighTower Advisors LLC now owns 2,728,649 shares of the company's stock valued at $409,134,000 after acquiring an additional 222,375 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on the stock. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company upped their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One 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. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $158.73.

PepsiCo Stock Down 0.2%

Shares of NASDAQ PEP opened at $144.87 on Tuesday. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The company's fifty day simple moving average is $135.98 and its 200 day simple moving average is $140.57. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The firm has a market cap of $198.34 billion, a PE ratio of 26.39, a P/E/G ratio of 3.87 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the prior year, the company posted $2.28 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo's dividend payout ratio is currently 103.64%.

About PepsiCo

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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