Financial Management Professionals Inc. Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Financial Management Professionals Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.9% during the 2nd quarter, Holdings Channel.com reports. The firm owned 3,820 shares of the company’s stock after buying an additional 109 shares during the quarter. Financial Management Professionals Inc.’s holdings in PepsiCo were worth $708,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Clear Investment Research LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $25,000. Freedom Wealth Alliance LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $29,000. Silicon Valley Capital Partners acquired a new position in shares of PepsiCo during the fourth quarter valued at about $36,000. Carderock Capital Management Inc. acquired a new position in shares of PepsiCo during the first quarter valued at about $36,000. Finally, Kepos Capital LP acquired a new position in shares of PepsiCo during the fourth quarter valued at about $40,000. Hedge funds and other institutional investors own 71.40% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on the stock. Barclays cut their price objective on shares of PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. Evercore ISI increased their price target on shares of PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Argus upped their price objective on PepsiCo from $206.00 to $212.00 in a research report on Friday, July 14th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective on the stock. in a research report on Monday, July 17th. Finally, Royal Bank of Canada upped their price objective on PepsiCo from $178.00 to $180.00 in a research report on Friday, July 14th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $192.00.

PepsiCo Trading Down 0.8 %

Shares of PEP stock opened at $179.84 on Friday. The stock’s fifty day moving average is $182.67 and its two-hundred day moving average is $184.57. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.64 and a current ratio of 0.84. The firm has a market capitalization of $247.56 billion, a P/E ratio of 31.50, a PEG ratio of 2.97 and a beta of 0.54. PepsiCo, Inc. has a fifty-two week low of $160.98 and a fifty-two week high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share for the quarter, beating analysts’ consensus estimates of $1.96 by $0.13. The company had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. During the same quarter last year, the firm posted $1.86 EPS. Research analysts expect that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders 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 dividend yield of 2.81%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 88.62%.

PepsiCo 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.