HighPoint Advisor Group LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 37,394 shares of the company’s stock after acquiring an additional 543 shares during the period. HighPoint Advisor Group LLC’s holdings in PepsiCo were worth $5,331,000 at the end of the most recent reporting period.
Other institutional investors also recently bought and sold shares of the company. Magellan Asset Management Ltd boosted its holdings in PepsiCo by 32.1% during the fourth quarter. Magellan Asset Management Ltd now owns 13,983,914 shares of the company’s stock worth $2,073,814,000 after buying an additional 3,396,536 shares in the last quarter. Norges Bank bought a new stake in PepsiCo during the fourth quarter worth approximately $2,066,514,000. Morgan Stanley boosted its holdings in PepsiCo by 9.5% during the fourth quarter. Morgan Stanley now owns 12,927,926 shares of the company’s stock worth $1,917,210,000 after buying an additional 1,122,678 shares in the last quarter. Nuveen Asset Management LLC boosted its holdings in PepsiCo by 13.3% during the fourth quarter. Nuveen Asset Management LLC now owns 11,188,907 shares of the company’s stock worth $1,659,315,000 after buying an additional 1,312,672 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 7.5% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 10,503,015 shares of the company’s stock worth $1,557,593,000 after buying an additional 731,839 shares in the last quarter. Institutional investors and hedge funds own 69.94% of the company’s stock.
Several equities research analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a research report on Wednesday, February 3rd. Sanford C. Bernstein assumed coverage on shares of PepsiCo in a research report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price target for the company. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 price target for the company in a research report on Friday, February 12th. Guggenheim restated a “buy” rating on shares of PepsiCo in a research report on Thursday, April 1st. Finally, Royal Bank of Canada downgraded shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price target for the company. in a research report on Monday, January 4th. They noted that the move was a valuation call. One research analyst has rated the stock with a sell rating, five have issued a hold rating, six have issued a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $147.40.
PEP stock traded down $0.14 during midday trading on Monday, reaching $142.43. The company had a trading volume of 177,264 shares, compared to its average volume of 5,653,815. PepsiCo, Inc. has a 1 year low of $126.53 and a 1 year high of $148.77. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $196.56 billion, a P/E ratio of 28.23, a PEG ratio of 3.63 and a beta of 0.57. The company has a 50 day moving average of $135.67 and a two-hundred day moving average of $139.68.
PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, February 11th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. The company had revenue of $22.46 billion during the quarter, compared to the consensus estimate of $22 billion. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were issued a dividend of $1.0225 per share. The ex-dividend date was Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a dividend yield of 2.87%. PepsiCo’s dividend payout ratio is currently 73.96%.
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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