Sound Income Strategies LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 50.8% during the fourth quarter, HoldingsChannel.com reports. The firm owned 597 shares of the company’s stock after purchasing an additional 201 shares during the quarter. Sound Income Strategies LLC’s holdings in PepsiCo were worth $66,000 at the end of the most recent quarter.
Several other institutional investors have also modified their holdings of the business. Vanguard Group Inc. raised its position in shares of PepsiCo by 1.4% in the 3rd quarter. Vanguard Group Inc. now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after buying an additional 1,595,038 shares during the period. Vanguard Group Inc raised its position in shares of PepsiCo by 1.4% in the 3rd quarter. Vanguard Group Inc now owns 119,706,640 shares of the company’s stock worth $13,383,201,000 after buying an additional 1,595,038 shares during the period. BlackRock Inc. raised its position in shares of PepsiCo by 1.0% in the 3rd quarter. BlackRock Inc. now owns 94,826,560 shares of the company’s stock worth $10,601,611,000 after buying an additional 974,404 shares during the period. Bank of New York Mellon Corp raised its position in shares of PepsiCo by 3,272,537.9% in the 3rd quarter. Bank of New York Mellon Corp now owns 19,930,365 shares of the company’s stock worth $2,228,213,000 after buying an additional 19,929,756 shares during the period. Finally, FMR LLC raised its position in shares of PepsiCo by 4.9% in the 2nd quarter. FMR LLC now owns 10,129,130 shares of the company’s stock worth $1,102,759,000 after buying an additional 471,913 shares during the period. 70.08% of the stock is currently owned by institutional investors.
NASDAQ:PEP opened at $115.64 on Friday. The company has a debt-to-equity ratio of 1.94, a quick ratio of 0.85 and a current ratio of 0.99. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.00. The stock has a market capitalization of $161.03 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.75 and a beta of 0.62.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Friday, February 15th. The company reported $1.49 EPS for the quarter, meeting the consensus estimate of $1.49. PepsiCo had a return on equity of 69.83% and a net margin of 19.35%. The company had revenue of $19.52 billion for the quarter, compared to analyst estimates of $19.52 billion. During the same period last year, the company posted $1.31 earnings per share. The firm’s revenue was up .0% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 5.5 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.
PEP has been the topic of several research reports. ValuEngine raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. BidaskClub raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday, November 15th. Gabelli reaffirmed a “buy” rating on shares of PepsiCo in a research report on Tuesday, February 19th. Zacks Investment Research raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Thursday, November 22nd. Finally, Barclays reaffirmed a “hold” rating and issued a $111.00 target price (up from $104.00) on shares of PepsiCo in a research report on Monday, February 18th. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The stock presently has an average rating of “Hold” and a consensus target price of $119.83.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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