Yousif Capital Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.6% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 193,295 shares of the company's stock after buying an additional 4,950 shares during the period. Yousif Capital Management LLC's holdings in PepsiCo were worth $28,983,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors have also modified their holdings of the stock. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter worth about $28,000. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter valued at $31,000. Institutional investors own 73.07% of the company's stock.
PepsiCo Trading Down 1.2%
Shares of NASDAQ:PEP traded down $1.64 during mid-day trading on Wednesday, reaching $130.19. The stock had a trading volume of 2,415,702 shares, compared to its average volume of 6,608,716. The firm has a 50 day simple moving average of $135.37 and a two-hundred day simple moving average of $145.74. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The firm has a market cap of $178.51 billion, a PE ratio of 18.73, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a current ratio of 0.82, a quick ratio of 0.65 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS 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 issued a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.37%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.
Analyst Ratings Changes
A number of analysts have recently weighed in on the company. Citigroup lowered their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Barclays decreased their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. One equities 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. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and a consensus target price of $160.69.
Read Our Latest Stock Analysis on PEP
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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