Dickmeyer Boyce Financial Management Inc. acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) during the first quarter, Holdings Channel.com reports. The firm acquired 9,599 shares of the company’s stock, valued at approximately $1,491,000. PepsiCo accounts for approximately 0.9% of Dickmeyer Boyce Financial Management Inc.’s portfolio, making the stock its 29th largest holding.
Several other institutional investors and hedge funds have also made changes to their positions in the business. Evergreen Advisors LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at $25,000. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the fourth quarter valued at $26,000. Swiss RE Ltd. acquired a new position in PepsiCo in the fourth quarter valued at $28,000. MH & Associates Securities Management Corp ADV purchased a new position in shares of PepsiCo during the fourth quarter worth about $29,000. Finally, Imprint Wealth LLC acquired a new stake in shares of PepsiCo during the third quarter worth about $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.
PepsiCo Trading Down 0.5%
NASDAQ PEP opened at $134.95 on Friday. PepsiCo, Inc. has a 52-week low of $133.73 and a 52-week high of $171.48. The firm has a 50-day moving average price of $142.36 and a 200 day moving average price of $151.03. The stock has a market capitalization of $184.19 billion, a P/E ratio of 17.69, a P/E/G ratio of 2.98 and a beta of 0.36. The company has a quick ratio of 0.74, a current ratio of 0.93 and a debt-to-equity ratio of 1.91.
PepsiCo Dividend Announcement
The business also recently declared a quarterly dividend, which will be paid on Wednesday, September 30th. Stockholders of record on Friday, September 4th will be issued a $1.48 dividend. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.4%. The ex-dividend date is Friday, September 4th. PepsiCo’s dividend payout ratio (DPR) is currently 77.59%.
Analysts Set New Price Targets
A number of research analysts recently issued reports on the company. Wells Fargo & Company dropped their price target on PepsiCo from $150.00 to $140.00 and set an “equal weight” rating on the stock in a research note on Friday, July 10th. Royal Bank Of Canada decreased their price objective on PepsiCo from $163.00 to $161.00 and set a “sector perform” rating for the company in a report on Friday, July 10th. TD Cowen cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a “hold” rating on the stock in a report on Friday, July 10th. Barclays increased their price target on shares of PepsiCo from $138.00 to $142.00 and gave the stock an “equal weight” rating in a research note on Tuesday. Finally, HSBC upped their target price on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Seven equities research analysts have rated the stock with a Buy rating, twelve have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus price target of $157.90.
Get Our Latest Analysis on PepsiCo
PepsiCo Company Profile
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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