Welch Group LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 350,706 shares of the company's stock after purchasing an additional 34,866 shares during the quarter. PepsiCo makes up approximately 2.3% of Welch Group LLC's portfolio, making the stock its 24th largest holding. Welch Group LLC's holdings in PepsiCo were worth $52,350,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter worth about $28,000. Collier Financial bought a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter worth about $31,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research firms recently commented on PEP. Bank of America decreased their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Finally, Morgan Stanley decreased their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $160.69.
Get Our Latest Research Report on PepsiCo
PepsiCo Trading Down 0.2%
PepsiCo stock traded down $0.30 during midday trading on Friday, hitting $131.62. 12,988,871 shares of the stock were exchanged, compared to its average volume of 6,558,275. The company has a fifty day simple moving average of $137.98 and a two-hundred day simple moving average of $147.27. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a market capitalization of $180.46 billion, a PE ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for 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 company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.61 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is 83.68%.
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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