Altrius Capital Management Inc lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 18,821 shares of the company’s stock after acquiring an additional 179 shares during the period. Altrius Capital Management Inc’s holdings in PepsiCo were worth $3,486,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds have also recently modified their holdings of PEP. Channel Wealth LLC grew its stake in shares of PepsiCo by 2.6% in the 2nd quarter. Channel Wealth LLC now owns 2,058 shares of the company’s stock valued at $381,000 after purchasing an additional 53 shares during the last quarter. German American Bancorp Inc. grew its position in PepsiCo by 3.2% in the 1st quarter. German American Bancorp Inc. now owns 1,754 shares of the company’s stock valued at $320,000 after buying an additional 55 shares during the last quarter. Smith Anglin Financial LLC increased its stake in PepsiCo by 0.7% in the 2nd quarter. Smith Anglin Financial LLC now owns 7,966 shares of the company’s stock valued at $1,475,000 after buying an additional 55 shares during the period. Bell Investment Advisors Inc raised its position in PepsiCo by 11.3% during the 2nd quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $100,000 after buying an additional 55 shares during the last quarter. Finally, Adamsbrown Wealth Consultants LLC boosted 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 valued at $1,212,000 after acquiring an additional 56 shares in the last quarter. Hedge funds and other institutional investors own 71.40% of the company’s stock.
Analyst Ratings Changes
PEP has been the subject of several analyst reports. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $188.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, October 11th. Barclays raised their price target on PepsiCo from $179.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Argus cut their price objective on PepsiCo from $212.00 to $186.00 in a research report on Wednesday, October 11th. Morgan Stanley decreased their target price on shares of PepsiCo from $210.00 to $190.00 and set an “equal weight” rating on the stock in a research report on Wednesday, October 11th. Finally, StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Friday, October 13th. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.57.
PepsiCo Price Performance
Shares of PEP stock traded down $0.27 during trading hours on Monday, hitting $166.49. The company’s stock had a trading volume of 862,077 shares, compared to its average volume of 4,878,213. The company has a current ratio of 0.88, a quick ratio of 0.71 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a market cap of $228.90 billion, a price-to-earnings ratio of 27.75, a P/E/G ratio of 2.68 and a beta of 0.57. The business has a fifty day moving average of $167.57 and a 200-day moving average of $178.60.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Tuesday, October 10th. The company reported $2.25 EPS for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. The firm had revenue of $23.45 billion during the quarter, compared to analysts’ expectations of $23.41 billion. PepsiCo had a return on equity of 58.28% and a net margin of 9.05%. The firm’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter last year, the business posted $1.97 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 7.55 EPS for the current year.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 3.04%. The ex-dividend date is Thursday, November 30th. PepsiCo’s dividend payout ratio (DPR) is 84.33%.
Insider Buying and Selling at PepsiCo
In other PepsiCo news, CFO Hugh F. Johnston sold 48,388 shares of the company’s stock in a transaction dated Friday, November 10th. The stock was sold at an average price of $166.65, for a total transaction of $8,063,860.20. Following the completion of the sale, the chief financial officer now directly owns 96,627 shares in the company, valued at $16,102,889.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.15% of the stock is owned by company insiders.
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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