Private Advisor Group LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.6% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 112,077 shares of the company’s stock after selling 6,640 shares during the quarter. Private Advisor Group LLC’s holdings in PepsiCo were worth $13,461,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. PSI Advisors LLC bought a new stake in PepsiCo in the 4th quarter valued at $25,000. Evolution Wealth Advisors LLC grew its holdings in shares of PepsiCo by 221.0% in the 4th quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock worth $27,000 after purchasing an additional 137 shares during the last quarter. Beutel Goodman & Co Ltd. bought a new stake in shares of PepsiCo in the 4th quarter worth about $27,000. Permanens Capital L.P. grew its holdings in shares of PepsiCo by 511.4% in the 4th quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock worth $37,000 after purchasing an additional 225 shares during the last quarter. Finally, New England Investment & Retirement Group Inc. bought a new stake in shares of PepsiCo in the 1st quarter worth about $41,000. 70.71% of the stock is currently owned by hedge funds and other institutional investors.
Shares of NASDAQ:PEP traded up $2.17 during mid-day trading on Monday, reaching $133.72. The stock had a trading volume of 1,605,417 shares, compared to its average volume of 6,126,143. The firm has a market cap of $182.53 billion, a PE ratio of 25.87, a price-to-earnings-growth ratio of 5.03 and a beta of 0.59. The firm has a 50 day simple moving average of $133.17 and a two-hundred day simple moving average of $134.64. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $147.20.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates of $1.03 by $0.04. The business had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.20 billion. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. PepsiCo’s revenue for the quarter was up 7.7% on a year-over-year basis. During the same period last year, the company posted $0.97 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 5.32 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be given a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.06%. This is an increase from PepsiCo’s previous quarterly dividend of $0.96. The ex-dividend date is Thursday, June 4th. PepsiCo’s dividend payout ratio (DPR) is currently 69.08%.
Several research firms have recently weighed in on PEP. Cowen upped their target price on shares of PepsiCo from $135.00 to $156.00 and gave the stock an “outperform” rating in a report on Wednesday, April 29th. Evercore ISI raised shares of PepsiCo from an “in-line” rating to an “outperform” rating and set a $130.00 target price on the stock in a report on Tuesday, March 17th. DZ Bank reissued a “buy” rating and set a $136.00 price objective on shares of PepsiCo in a report on Thursday, March 26th. Deutsche Bank decreased their price objective on shares of PepsiCo from $145.00 to $143.00 and set a “hold” rating on the stock in a report on Thursday, March 12th. Finally, Guggenheim upped their target price on shares of PepsiCo from $134.00 to $145.00 and gave the company a “buy” rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a hold rating, twelve have given a buy rating and two have given a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $142.00.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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