Davis R M Inc. lessened its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.0% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 307,754 shares of the company’s stock after selling 6,176 shares during the quarter. Davis R M Inc.’s holdings in PepsiCo were worth $47,791,000 at the end of the most recent reporting period.
A number of other institutional investors also recently modified their holdings of PEP. Brighton Jones LLC increased its holdings in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Caxton Associates LLP bought a new stake in PepsiCo in the first quarter worth approximately $251,000. Sivia Capital Partners LLC increased its stake in shares of PepsiCo by 138.5% during the 2nd quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after purchasing an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. raised its holdings in shares of PepsiCo by 10.1% during the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock valued at $5,039,000 after purchasing an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. lifted its stake in shares of PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after purchasing an additional 167,707 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.
PepsiCo Stock Performance
PEP opened at $135.65 on Thursday. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91. The stock’s 50 day moving average price is $142.64 and its two-hundred day moving average price is $151.08. The firm has a market capitalization of $185.15 billion, a P/E ratio of 17.78, a price-to-earnings-growth ratio of 2.96 and a beta of 0.36. PepsiCo, Inc. has a 12-month low of $133.95 and a 12-month high of $171.48.
PepsiCo Announces Dividend
The business also recently announced a quarterly dividend, which will be paid on Wednesday, September 30th. Investors of record on Friday, September 4th will be paid a dividend of $1.48 per share. This represents a $5.92 annualized dividend and a yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio is presently 77.59%.
Analyst Upgrades and Downgrades
Several research firms have commented on PEP. Sanford C. Bernstein set a $134.00 target price on shares of PepsiCo in a research report on Friday, July 10th. Wall Street Zen cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Wells Fargo & Company lowered their price objective on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a report on Friday, July 10th. Barclays raised their price objective on PepsiCo from $138.00 to $142.00 and gave the company an “equal weight” rating in a research note on Tuesday. Finally, TD Cowen reduced their target price on PepsiCo from $150.00 to $145.00 and set a “hold” rating for the company in a report on Friday, July 10th. Seven equities research analysts have rated the stock with a Buy rating, twelve have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $157.90.
Read Our Latest Research Report on PepsiCo
About PepsiCo
PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.
Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.
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