JJJ Advisors Inc. trimmed its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,532 shares of the company’s stock after selling 105 shares during the period. JJJ Advisors Inc.’s holdings in PepsiCo were worth $217,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently made changes to their positions in the company. WASHINGTON TRUST Co boosted its position in PepsiCo by 3.9% in the 1st quarter. WASHINGTON TRUST Co now owns 268,089 shares of the company’s stock valued at $37,920,000 after buying an additional 9,983 shares during the last quarter. Legacy Financial Advisors Inc. boosted its stake in PepsiCo by 7.4% during the 1st quarter. Legacy Financial Advisors Inc. now owns 4,360 shares of the company’s stock valued at $617,000 after acquiring an additional 300 shares during the last quarter. DekaBank Deutsche Girozentrale grew its holdings in PepsiCo by 4.6% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,267,766 shares of the company’s stock worth $323,221,000 after acquiring an additional 100,487 shares in the last quarter. Atlas Private Wealth Advisors raised its stake in shares of PepsiCo by 16.4% in the 1st quarter. Atlas Private Wealth Advisors now owns 4,719 shares of the company’s stock valued at $667,000 after purchasing an additional 665 shares in the last quarter. Finally, Wilkinson Global Asset Management LLC bought a new position in shares of PepsiCo during the first quarter worth about $242,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.
Several research analysts have recently commented on the company. Barclays upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 target price for the company in a research report on Monday, March 29th. Guggenheim restated a “buy” rating on shares of PepsiCo in a research report on Thursday, April 1st. UBS Group upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $145.00 to $165.00 in a research note on Tuesday, April 27th. Credit Suisse Group upped their target price on PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a report on Thursday, April 22nd. Finally, Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $145.00 to $147.00 and gave the stock a “hold” rating in a report on Thursday, April 22nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the company’s stock. PepsiCo currently has an average rating of “Hold” and an average target price of $149.23.
Shares of PEP traded up $0.61 during mid-day trading on Tuesday, hitting $146.40. The company’s stock had a trading volume of 67,878 shares, compared to its average volume of 5,645,717. The firm has a 50-day moving average price of $141.53 and a 200 day moving average price of $140.48. The company has a debt-to-equity ratio of 2.79, a current ratio of 0.93 and a quick ratio of 0.77. The stock has a market capitalization of $202.27 billion, a price-to-earnings ratio of 28.91, a PEG ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a fifty-two week low of $126.53 and a fifty-two week high of $148.77.
PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The business had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. The firm’s quarterly revenue was up 6.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th were given a $1.0225 dividend. The ex-dividend date was Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.79%. PepsiCo’s dividend payout ratio is currently 73.96%.
PepsiCo, Inc operates as a food and beverage company 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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