FARMERS & MERCHANTS TRUST Co OF LONG BEACH grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.0% in the 1st quarter, Holdings Channel.com reports. The fund owned 6,546 shares of the company’s stock after purchasing an additional 126 shares during the quarter. FARMERS & MERCHANTS TRUST Co OF LONG BEACH’s holdings in PepsiCo were worth $925,000 as of its most recent SEC filing.
Other hedge funds also recently made changes to their positions in the company. Braun Stacey Associates Inc. grew its holdings in PepsiCo by 2.1% during the 4th quarter. Braun Stacey Associates Inc. now owns 136,187 shares of the company’s stock worth $20,197,000 after acquiring an additional 2,747 shares in the last quarter. O Shares Investment Advisers LLC lifted its position in shares of PepsiCo by 10.1% in the 4th quarter. O Shares Investment Advisers LLC now owns 94,351 shares of the company’s stock worth $13,992,000 after buying an additional 8,688 shares during the last quarter. Steel Peak Wealth Management LLC lifted its position in shares of PepsiCo by 102.6% in the 4th quarter. Steel Peak Wealth Management LLC now owns 8,936 shares of the company’s stock worth $1,325,000 after buying an additional 4,525 shares during the last quarter. Tompkins Financial Corp lifted its position in shares of PepsiCo by 5.6% in the 4th quarter. Tompkins Financial Corp now owns 47,445 shares of the company’s stock worth $7,036,000 after buying an additional 2,505 shares during the last quarter. Finally, Lowell Blake & Associates Inc. lifted its position in PepsiCo by 3.2% in the 4th quarter. Lowell Blake & Associates Inc. now owns 31,053 shares of the company’s stock valued at $4,605,000 after purchasing an additional 962 shares during the last quarter. 69.94% of the stock is owned by institutional investors.
Shares of PEP stock traded down $0.03 during trading on Monday, hitting $142.54. 170,892 shares of the company were exchanged, compared to its average volume of 5,653,815. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. The firm has a market capitalization of $196.71 billion, a price-to-earnings ratio of 28.23, a P/E/G ratio of 3.63 and a beta of 0.57. The business’s 50-day simple moving average is $135.67 and its 200 day simple moving average is $139.68. PepsiCo, Inc. has a twelve month low of $126.53 and a twelve month high of $148.77.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, February 11th. The company reported $1.47 EPS for the quarter, topping the consensus estimate of $1.45 by $0.02. The business had revenue of $22.46 billion during the quarter, compared to analysts’ expectations of $22 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. On average, equities analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Investors of record on Friday, March 5th were issued a dividend of $1.0225 per share. This represents a $4.09 annualized dividend and a dividend yield of 2.87%. The ex-dividend date of this dividend was Thursday, March 4th. PepsiCo’s dividend payout ratio is currently 73.96%.
Several brokerages recently weighed in on PEP. Guggenheim reiterated a “buy” rating on shares of PepsiCo in a research report on Thursday, April 1st. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a research report on Wednesday, February 3rd. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target on the stock in a research report on Friday, February 12th. Royal Bank of Canada downgraded shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target on the stock. in a research report on Monday, January 4th. They noted that the move was a valuation call. Finally, Barclays upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research report on Monday, March 29th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company. PepsiCo has a consensus rating of “Buy” and an average target price of $147.40.
PepsiCo Company Profile
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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