Neville Rodie & Shaw Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.2% in the 2nd quarter, according to its most recent filing with the SEC. The fund owned 57,518 shares of the company’s stock after purchasing an additional 670 shares during the period. Neville Rodie & Shaw Inc.’s holdings in PepsiCo were worth $10,654,000 at the end of the most recent reporting period.
Several other hedge funds have also recently added to or reduced their stakes in the business. Richwood Investment Advisors LLC boosted its position in shares of PepsiCo by 0.8% during the first quarter. Richwood Investment Advisors LLC now owns 6,826 shares of the company’s stock worth $1,244,000 after purchasing an additional 55 shares in the last quarter. German American Bancorp Inc. lifted its holdings in PepsiCo by 3.2% during the first quarter. German American Bancorp Inc. now owns 1,754 shares of the company’s stock worth $320,000 after acquiring an additional 55 shares in the last quarter. Adamsbrown Wealth Consultants LLC increased its holdings in shares of PepsiCo by 0.8% in the first quarter. Adamsbrown Wealth Consultants LLC now owns 6,646 shares of the company’s stock worth $1,212,000 after acquiring an additional 56 shares in the last quarter. Proquility Private Wealth Partners LLC raised its position in shares of PepsiCo by 1.1% during the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after purchasing an additional 57 shares during the period. Finally, Acorn Financial Advisory Services Inc. ADV grew its position in shares of PepsiCo by 3.8% in the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,589 shares of the company’s stock valued at $290,000 after purchasing an additional 58 shares during the period. Institutional investors own 71.40% of the company’s stock.
Wall Street Analyst Weigh In
Several research analysts have recently weighed in on the stock. Wedbush upped their price target on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, July 14th. Barclays lowered their target price on PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective for the company. in a report on Monday, July 17th. Finally, Evercore ISI upped their price target on PepsiCo from $190.00 to $195.00 in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $192.00.
PepsiCo Price Performance
NASDAQ:PEP opened at $181.23 on Friday. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The firm has a fifty day simple moving average of $182.74 and a 200 day simple moving average of $184.57. PepsiCo, Inc. has a 1-year low of $160.98 and a 1-year high of $196.88. The stock has a market capitalization of $249.48 billion, a PE ratio of 31.74, a P/E/G ratio of 2.95 and a beta of 0.54.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, topping the consensus estimate of $1.96 by $0.13. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. During the same period in the previous year, the business earned $1.86 EPS. PepsiCo’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 7.48 EPS for the current fiscal year.
PepsiCo Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 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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