Delta Asset Management LLC TN grew its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.2% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 11,009 shares of the company’s stock after acquiring an additional 832 shares during the quarter. Delta Asset Management LLC TN’s holdings in PepsiCo were worth $2,039,000 as of its most recent SEC filing.
Other institutional investors also recently bought and sold shares of the company. Channel Wealth LLC grew its position in PepsiCo by 2.6% during the second quarter. Channel Wealth LLC now owns 2,058 shares of the company’s stock worth $381,000 after buying an additional 53 shares in the last quarter. German American Bancorp Inc. grew its holdings in shares of PepsiCo by 3.2% during the 1st quarter. German American Bancorp Inc. now owns 1,754 shares of the company’s stock worth $320,000 after purchasing an additional 55 shares in the last quarter. Smith Anglin Financial LLC raised its stake in shares of PepsiCo by 0.7% in the second quarter. Smith Anglin Financial LLC now owns 7,966 shares of the company’s stock valued at $1,475,000 after purchasing an additional 55 shares in the last quarter. Bell Investment Advisors Inc boosted its stake in PepsiCo by 11.3% during the second quarter. Bell Investment Advisors Inc now owns 540 shares of the company’s stock worth $100,000 after buying an additional 55 shares in the last quarter. Finally, Adamsbrown Wealth Consultants LLC raised its stake in shares of PepsiCo by 0.8% in the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 6,646 shares of the company’s stock valued at $1,212,000 after buying an additional 56 shares in the last quarter. 71.40% of the stock is owned by hedge funds and other institutional investors.
Analysts Set New Price Targets
Several equities analysts recently issued reports on PEP shares. Barclays lifted their price target on shares of PepsiCo from $179.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $188.00 to $185.00 and set an “overweight” rating on the stock in a research report on Wednesday, October 11th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Wednesday, October 11th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, October 13th. Finally, DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a research report on Thursday, October 19th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $187.57.
Insider Buying and Selling
In other news, CFO Hugh F. Johnston sold 48,388 shares of the firm’s stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $166.65, for a total transaction of $8,063,860.20. Following the transaction, the chief financial officer now directly owns 96,627 shares of the company’s stock, valued at $16,102,889.55. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.15% of the stock is owned by insiders.
PepsiCo Stock Down 0.3 %
NASDAQ:PEP traded down $0.54 on Monday, hitting $166.22. 736,844 shares of the company’s stock were exchanged, compared to its average volume of 4,877,195. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.71. The firm has a 50-day moving average price of $167.57 and a 200-day moving average price of $178.60. The company has a market cap of $228.53 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.
PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Tuesday, October 10th. The company reported $2.25 earnings per share for the quarter, beating the consensus estimate of $2.15 by $0.10. The business had revenue of $23.45 billion during the quarter, compared to analysts’ expectations of $23.41 billion. PepsiCo had a net margin of 9.05% and a return on equity of 58.28%. The firm’s revenue was up 6.7% on a year-over-year basis. During the same period last year, the business earned $1.97 earnings per share. As a group, analysts expect that PepsiCo, Inc. will post 7.55 EPS for the current fiscal year.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 1st will be given a $1.265 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.04%. PepsiCo’s payout ratio is presently 84.33%.
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.
- Five stocks we like better than PepsiCo
- What Are Dividends? Buy the Best Dividend Stocks
- Target these 3 hot retail stocks for Black Friday deals
- Uptrend Stocks Explained: Learn How to Trade Using Uptrends
- Cisco stock plummets on weak forecast: Is it a warning for tech?
- How to invest in marijuana stocks in 7 steps
- An inside day for Target says another sell-off looms
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.