My Legacy Advisors LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 22.8% in the 3rd quarter, HoldingsChannel.com reports. The fund owned 7,015 shares of the company’s stock after selling 2,066 shares during the quarter. My Legacy Advisors LLC’s holdings in PepsiCo were worth $1,193,000 at the end of the most recent quarter.
Other institutional investors also recently bought and sold shares of the company. Fermata Advisors LLC purchased a new stake in shares of PepsiCo during the first quarter worth approximately $205,000. Retirement Planning Group LLC purchased a new stake in PepsiCo during the 1st quarter worth about $208,000. DLK Investment Management LLC boosted its stake in PepsiCo by 2.9% in the 1st quarter. DLK Investment Management LLC now owns 34,950 shares of the company’s stock worth $6,117,000 after buying an additional 970 shares during the last quarter. Thompson Investment Management Inc. boosted its stake in PepsiCo by 5.6% in the 1st quarter. Thompson Investment Management Inc. now owns 4,769 shares of the company’s stock worth $835,000 after buying an additional 254 shares during the last quarter. Finally, Prentice Wealth Management LLC boosted its stake in PepsiCo by 7.7% in the 1st quarter. Prentice Wealth Management LLC now owns 3,540 shares of the company’s stock worth $620,000 after buying an additional 252 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.
Analysts Set New Price Targets
PEP has been the topic of several analyst reports. Hsbc Global Res upgraded PepsiCo to a “hold” rating in a report on Thursday, October 10th. Morgan Stanley downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a report on Friday, September 20th. Jefferies Financial Group lowered their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. BNP Paribas began coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Finally, DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $183.92.
PepsiCo Price Performance
PEP traded down $0.80 during trading on Tuesday, hitting $174.21. 1,222,173 shares of the stock traded hands, compared to its average volume of 5,476,393. PepsiCo, Inc. has a twelve month low of $158.03 and a twelve month high of $183.41. The company has a market cap of $239.50 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 3.28 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70. The business has a 50 day moving average price of $173.86 and a 200 day moving average price of $172.19.
PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. PepsiCo’s revenue for the quarter was down .6% on a year-over-year basis. During the same quarter in the previous year, the firm posted $2.25 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.11%. PepsiCo’s dividend payout ratio is presently 78.66%.
PepsiCo Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods 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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