Thurston Springer Miller Herd & Titak Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.6% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 21,164 shares of the company's stock after acquiring an additional 3,475 shares during the quarter. Thurston Springer Miller Herd & Titak Inc.'s holdings in PepsiCo were worth $3,173,000 at the end of the most recent quarter.
Other hedge funds have also recently made changes to their positions in the company. Steigerwald Gordon & Koch Inc. lifted its stake in PepsiCo by 25.0% in the first quarter. Steigerwald Gordon & Koch Inc. now owns 3,114 shares of the company's stock worth $467,000 after purchasing an additional 622 shares during the last quarter. Diligent Investors LLC lifted its stake in shares of PepsiCo by 2.5% in the 1st quarter. Diligent Investors LLC now owns 7,649 shares of the company's stock valued at $1,147,000 after acquiring an additional 187 shares during the last quarter. Naples Global Advisors LLC boosted its holdings in PepsiCo by 3.0% during the 1st quarter. Naples Global Advisors LLC now owns 25,678 shares of the company's stock valued at $3,850,000 after acquiring an additional 747 shares during the period. HF Advisory Group LLC grew its position in PepsiCo by 21.3% during the 1st quarter. HF Advisory Group LLC now owns 14,955 shares of the company's stock worth $2,242,000 after acquiring an additional 2,627 shares during the last quarter. Finally, Warren Street Wealth Advisors LLC purchased a new position in PepsiCo in the 1st quarter worth approximately $218,000. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Stock Performance
PEP stock traded down $1.08 on Friday, hitting $130.03. The company had a trading volume of 7,619,600 shares, compared to its average volume of 6,590,259. The stock has a market cap of $178.28 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock's 50-day simple moving average is $136.54 and its 200 day simple moving average is $146.43. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm earned $1.61 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.38%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.
Wall Street Analysts Forecast Growth
Several analysts recently issued reports on PEP shares. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus price target of $160.69.
View Our Latest Report on PepsiCo
PepsiCo Profile
(
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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