Wakefield Asset Management LLLP acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm acquired 6,278 shares of the company's stock, valued at approximately $941,000.
Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $28,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.
Analysts Set New Price Targets
A number of research firms have weighed in on PEP. Citigroup raised their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. Barclays raised their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley raised their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of "Hold" and an average target price of $158.73.
View Our Latest Stock Report on PEP
PepsiCo Price Performance
Shares of NASDAQ PEP traded down $1.06 during trading on Friday, hitting $143.45. 6,596,497 shares of the company were exchanged, compared to its average volume of 10,334,833. The company has a market cap of $196.39 billion, a price-to-earnings ratio of 26.13, a PEG ratio of 3.82 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The firm's fifty day moving average price is $133.58 and its 200 day moving average price is $140.99. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The business's revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the firm earned $2.28 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. PepsiCo's payout ratio is currently 103.64%.
PepsiCo Company 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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