Atria Wealth Solutions Inc. lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.4% in the 1st quarter, HoldingsChannel reports. The institutional investor owned 135,085 shares of the company’s stock after selling 526 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PepsiCo were worth $24,541,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of PEP. Sweeney & Michel LLC purchased a new stake in PepsiCo during the first quarter worth about $761,000. Maripau Wealth Management LLC bought a new stake in shares of PepsiCo in the first quarter valued at $205,000. Atomi Financial Group Inc. purchased a new stake in PepsiCo in the 1st quarter worth about $308,000. EP Wealth Advisors LLC purchased a new stake in PepsiCo during the first quarter valued at about $310,000. Finally, Golden State Equity Partners purchased a new position in shares of PepsiCo in the first quarter worth about $566,000. 71.40% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several equities research analysts have issued reports on PEP shares. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $193.00 to $195.00 in a research report on Friday, July 14th. Argus lifted their target price on PepsiCo from $206.00 to $212.00 in a report on Friday, July 14th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target on the stock. in a report on Monday, July 17th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. Finally, Wedbush increased their target price on shares of PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $192.00.
PepsiCo Stock Up 0.8 %
NASDAQ:PEP opened at $179.68 on Thursday. PepsiCo, Inc. has a 1-year low of $160.98 and a 1-year high of $196.88. The company has a market capitalization of $247.34 billion, a PE ratio of 31.47, a P/E/G ratio of 2.90 and a beta of 0.54. The firm’s 50-day moving average price is $182.85 and its 200-day moving average price is $184.59. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Thursday, July 13th. The company reported $2.09 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.96 by $0.13. The firm had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The business’s revenue was up 10.4% on a year-over-year basis. During the same period last year, the business earned $1.86 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 7.48 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be paid a dividend of $1.265 per share. The ex-dividend date is Thursday, August 31st. This represents a $5.06 dividend on an annualized basis and a yield of 2.82%. PepsiCo’s dividend payout ratio is currently 88.62%.
PepsiCo Company Profile
PepsiCo, Inc manufactures, markets, distributes, and sells 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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