Marshall Wace North America L.P. bought a new position in Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 65,431 shares of the company’s stock, valued at approximately $7,525,000.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Asset Planning Services Ltd. raised its holdings in Pepsico by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after acquiring an additional 3 shares during the period. Accurate Investment Solutions Inc. increased its holdings in shares of Pepsico by 0.3% during the 2nd quarter. Accurate Investment Solutions Inc. now owns 1,851 shares of the company’s stock worth $214,000 after purchasing an additional 5 shares during the period. Northwest Wealth Management LLC increased its holdings in shares of Pepsico by 0.4% during the 2nd quarter. Northwest Wealth Management LLC now owns 2,511 shares of the company’s stock worth $290,000 after purchasing an additional 11 shares during the period. Willingdon Wealth Management increased its holdings in shares of Pepsico by 0.3% during the 1st quarter. Willingdon Wealth Management now owns 6,381 shares of the company’s stock worth $714,000 after purchasing an additional 16 shares during the period. Finally, SRS Capital Advisors Inc. increased its holdings in shares of Pepsico by 0.7% during the 1st quarter. SRS Capital Advisors Inc. now owns 2,710 shares of the company’s stock worth $303,000 after purchasing an additional 20 shares during the period. Hedge funds and other institutional investors own 70.21% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) traded up $0.81 during trading on Friday, hitting $115.90. 1,180,000 shares of the stock traded hands, compared to its average volume of 3,111,672. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39. The firm has a market cap of $164,826.38, a price-to-earnings ratio of 22.64, a P/E/G ratio of 3.15 and a beta of 0.66.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the consensus estimate of $1.43 by $0.05. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The business had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. During the same period in the previous year, the business earned $1.40 EPS. The firm’s revenue was up 1.3% on a year-over-year basis. sell-side analysts predict that Pepsico, Inc. will post 5.22 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be given a dividend of $0.805 per share. The ex-dividend date is Thursday, November 30th. This represents a $3.22 annualized dividend and a dividend yield of 2.78%. Pepsico’s dividend payout ratio (DPR) is currently 66.53%.
In other news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.26% of the stock is currently owned by insiders.
Several research analysts have recently issued reports on the stock. Zacks Investment Research downgraded shares of Pepsico from a “buy” rating to a “hold” rating in a report on Monday, September 4th. BMO Capital Markets restated a “hold” rating and set a $120.00 price objective on shares of Pepsico in a report on Wednesday, September 6th. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Cowen Inc restated a “buy” rating on shares of Pepsico in a report on Sunday, September 17th. Finally, Royal Bank Of Canada restated a “hold” rating on shares of Pepsico in a report on Sunday, November 12th. Seven analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the stock. The company has a consensus rating of “Buy” and an average target price of $121.35.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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