Moneta Group Investment Advisors LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 41,249 shares of the company’s stock after selling 726 shares during the quarter. Moneta Group Investment Advisors LLC’s holdings in PepsiCo were worth $5,409,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also modified their holdings of PEP. Personal Wealth Partners bought a new position in shares of PepsiCo during the 2nd quarter worth about $25,000. Krane Funds Advisors LLC acquired a new stake in PepsiCo in the second quarter valued at $25,000. Evolution Wealth Advisors LLC acquired a new stake in PepsiCo in the second quarter valued at $27,000. Financial Advantage Inc. acquired a new stake in PepsiCo in the second quarter valued at $28,000. Finally, Mackey Komara & Dankovich LLC lifted its stake in PepsiCo by 199.0% in the second quarter. Mackey Komara & Dankovich LLC now owns 858 shares of the company’s stock valued at $38,000 after acquiring an additional 571 shares during the last quarter. 71.46% of the stock is currently owned by institutional investors.
A number of brokerages have commented on PEP. Deutsche Bank increased their price target on shares of PepsiCo from $141.00 to $142.00 and gave the company a “hold” rating in a research note on Tuesday. BMO Capital Markets reiterated an “average” rating and issued a $128.00 price target on shares of PepsiCo in a research note on Wednesday, July 10th. UBS Group increased their price target on shares of PepsiCo from $130.00 to $132.00 and gave the company a “neutral” rating in a research note on Wednesday, July 10th. ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, August 27th. Finally, Bank of America increased their price target on shares of PepsiCo from $135.00 to $142.00 and gave the company a “buy” rating in a research note on Wednesday, July 10th. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $131.79.
PepsiCo stock traded down $0.42 during mid-day trading on Wednesday, hitting $134.94. 876,298 shares of the stock were exchanged, compared to its average volume of 3,840,600. The company has a quick ratio of 0.66, a current ratio of 0.86 and a debt-to-equity ratio of 1.97. PepsiCo, Inc. has a 12 month low of $104.53 and a 12 month high of $139.18. The firm’s fifty day simple moving average is $133.42 and its two-hundred day simple moving average is $128.93. The stock has a market capitalization of $188.35 billion, a price-to-earnings ratio of 23.84, a PEG ratio of 3.50 and a beta of 0.56.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 9th. The company reported $1.54 earnings per share for the quarter, beating the consensus estimate of $1.49 by $0.05. The company had revenue of $16.45 billion during the quarter, compared to analyst estimates of $16.44 billion. PepsiCo had a net margin of 19.59% and a return on equity of 59.50%. PepsiCo’s revenue for the quarter was up 2.2% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $0.955 dividend. The ex-dividend date of this dividend is Thursday, September 5th. This represents a $3.82 annualized dividend and a dividend yield of 2.83%. PepsiCo’s dividend payout ratio is currently 67.49%.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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