Johnson Financial Group Inc. boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 24.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 28,090 shares of the company's stock after acquiring an additional 5,547 shares during the quarter. Johnson Financial Group Inc.'s holdings in PepsiCo were worth $4,233,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of PEP. Howard Capital Management Group LLC lifted its holdings in PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the last quarter. Morse Asset Management Inc acquired a new stake in PepsiCo in the 3rd quarter worth approximately $996,000. Invst LLC increased its position in PepsiCo by 4.6% in the 3rd quarter. Invst LLC now owns 3,003 shares of the company's stock worth $511,000 after buying an additional 133 shares during the period. Virtu Financial LLC bought a new position in PepsiCo in the 3rd quarter worth approximately $1,611,000. Finally, Te Ahumairangi Investment Management Ltd increased its position in PepsiCo by 3.4% in the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company's stock worth $2,811,000 after buying an additional 550 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Price Performance
PepsiCo stock traded up $0.99 on Wednesday, reaching $135.30. The company's stock had a trading volume of 3,115,006 shares, compared to its average volume of 6,165,470. The business's fifty day moving average price is $147.16 and its 200 day moving average price is $153.24. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a twelve month low of $131.52 and a twelve month high of $183.41. The company has a market cap of $185.54 billion, a price-to-earnings ratio of 19.47, a PEG ratio of 3.09 and a beta of 0.49.
PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 EPS. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 4.01%. PepsiCo's dividend payout ratio is currently 79.71%.
Wall Street Analyst Weigh In
PEP has been the topic of several recent analyst reports. BNP Paribas dropped their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. StockNews.com downgraded PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.
Check Out Our Latest Report on PepsiCo
About PepsiCo
(
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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