JJJ Advisors Inc. cut its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 1,532 shares of the company’s stock after selling 105 shares during the quarter. JJJ Advisors Inc.’s holdings in PepsiCo were worth $217,000 at the end of the most recent reporting period.
Other hedge funds have also recently bought and sold shares of the company. McClarren Financial Advisors Inc. bought a new stake in PepsiCo in the 4th quarter valued at about $27,000. Emerson Wealth Management LLC acquired a new position in shares of PepsiCo during the first quarter worth $28,000. PrairieView Partners LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Inspire Advisors LLC acquired a new stake in PepsiCo during the fourth quarter worth approximately $31,000. Finally, Interactive Financial Advisors bought a new position in shares of PepsiCo during the 4th quarter worth about $33,000. Hedge funds and other institutional investors own 69.94% of the company’s stock.
A number of research analysts have weighed in on PEP shares. Credit Suisse Group boosted their target price on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research note on Thursday, April 22nd. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price on the stock. in a research note on Monday, January 4th. They noted that the move was a valuation call. Wolfe Research assumed coverage on PepsiCo in a research note on Monday, April 19th. They issued a “peer perform” rating for the company. Barclays raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research note on Monday, March 29th. Finally, Sanford C. Bernstein initiated coverage on PepsiCo in a report on Tuesday, January 19th. They set an “underperform” rating and a $136.00 price target on the stock. One analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the stock. The company has a consensus rating of “Hold” and an average price target of $149.23.
NASDAQ:PEP traded up $0.61 during midday trading on Tuesday, hitting $146.40. 67,878 shares of the company traded hands, compared to its average volume of 5,645,717. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. PepsiCo, Inc. has a 12-month low of $126.53 and a 12-month high of $148.77. The firm has a market capitalization of $202.27 billion, a P/E ratio of 28.91, a P/E/G ratio of 3.63 and a beta of 0.57. The firm’s fifty day moving average is $141.53 and its 200-day moving average is $140.48.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The business had revenue of $14.82 billion during the quarter, compared to analysts’ expectations of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The business’s revenue for the quarter was up 6.8% compared to the same quarter last year. During the same period in the prior year, the business earned $1.07 EPS. On average, research analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, March 31st. Stockholders of record on Friday, March 5th were given a $1.0225 dividend. The ex-dividend date of this dividend was Thursday, March 4th. This represents a $4.09 annualized dividend and a dividend yield of 2.79%. PepsiCo’s payout ratio is presently 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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