PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Foster Group Inc.

Foster Group Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.0% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,249 shares of the company’s stock after acquiring an additional 540 shares during the quarter. Foster Group Inc.’s holdings in PepsiCo were worth $1,343,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Quent Capital LLC boosted its holdings in PepsiCo by 10.8% in the 2nd quarter. Quent Capital LLC now owns 6,146 shares of the company’s stock worth $1,138,000 after acquiring an additional 601 shares during the period. B.O.S.S. Retirement Advisors LLC boosted its holdings in PepsiCo by 9.1% in the 2nd quarter. B.O.S.S. Retirement Advisors LLC now owns 17,399 shares of the company’s stock worth $3,223,000 after acquiring an additional 1,455 shares during the period. Buttonwood Financial Advisors Inc. boosted its holdings in PepsiCo by 14.2% in the 2nd quarter. Buttonwood Financial Advisors Inc. now owns 4,963 shares of the company’s stock worth $919,000 after acquiring an additional 619 shares during the period. AE Wealth Management LLC boosted its holdings in PepsiCo by 1.2% in the 2nd quarter. AE Wealth Management LLC now owns 237,005 shares of the company’s stock worth $43,898,000 after acquiring an additional 2,903 shares during the period. Finally, Fragasso Group Inc. boosted its holdings in PepsiCo by 139.2% in the 2nd quarter. Fragasso Group Inc. now owns 18,319 shares of the company’s stock worth $3,393,000 after acquiring an additional 10,662 shares during the period. Hedge funds and other institutional investors own 71.40% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of analyst reports. Royal Bank of Canada upped their price target on PepsiCo from $178.00 to $180.00 in a report on Friday, July 14th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $193.00 to $195.00 in a research note on Friday, July 14th. Argus increased their target price on PepsiCo from $206.00 to $212.00 in a research note on Friday, July 14th. Evercore ISI increased their target price on PepsiCo from $190.00 to $195.00 in a research note on Friday, July 14th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research note on Thursday, September 7th. 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 stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $192.00.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $179.84 on Friday. PepsiCo, Inc. has a 1-year low of $160.98 and a 1-year high of $196.88. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. The business’s fifty day moving average price is $182.67 and its two-hundred day moving average price is $184.57. The firm has a market capitalization of $247.56 billion, a PE ratio of 31.50, a P/E/G ratio of 2.97 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last issued its earnings results 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 return on equity of 56.05% and a net margin of 8.76%. The firm had revenue of $22.32 billion for the quarter, compared to analyst estimates of $21.73 billion. During the same period last year, the company earned $1.86 earnings per share. The firm’s revenue for the quarter was up 10.4% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Announces Dividend

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 given a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.81%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio 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.