Rovin Capital UT ADV Has $656,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Rovin Capital UT ADV raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 88.6% during the second quarter, Holdings Channel reports. The institutional investor owned 3,979 shares of the company’s stock after buying an additional 1,869 shares during the quarter. Rovin Capital UT ADV’s holdings in PepsiCo were worth $656,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Capital Advisors Ltd. LLC lifted its stake in shares of PepsiCo by 3.6% in the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after purchasing an additional 139 shares during the period. V Square Quantitative Management LLC boosted its holdings in PepsiCo by 1.1% during the first quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock worth $2,870,000 after buying an additional 180 shares during the last quarter. Raymond James Financial Services Advisors Inc. grew its position in shares of PepsiCo by 4.5% during the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,002,267 shares of the company’s stock worth $175,407,000 after buying an additional 43,296 shares during the period. Norden Group LLC raised its position in shares of PepsiCo by 3,345.6% in the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after acquiring an additional 174,171 shares during the period. Finally, Fulton Breakefield Broenniman LLC boosted its stake in PepsiCo by 21.5% during the 4th quarter. Fulton Breakefield Broenniman LLC now owns 93,099 shares of the company’s stock worth $15,812,000 after acquiring an additional 16,494 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Monday, August 12th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. 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. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research report on Friday, July 19th. Finally, Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Stock Up 0.1 %

Shares of NASDAQ PEP traded up $0.10 during mid-day trading on Friday, hitting $172.62. The company had a trading volume of 4,614,804 shares, compared to its average volume of 5,492,265. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The firm has a 50-day simple moving average of $168.09 and a two-hundred day simple moving average of $170.52. The company has a market capitalization of $237.32 billion, a PE ratio of 25.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the company earned $2.09 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company 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 dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. PepsiCo’s dividend payout ratio is presently 78.66%.

PepsiCo Company 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.