PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Boosted by GEM Asset Management LLC

GEM Asset Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% during the 2nd quarter, HoldingsChannel reports. The firm owned 3,085 shares of the company’s stock after buying an additional 85 shares during the quarter. GEM Asset Management LLC’s holdings in PepsiCo were worth $509,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its holdings in PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares during the period. V Square Quantitative Management LLC boosted its holdings in shares of PepsiCo by 1.1% in the first quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock valued at $2,870,000 after acquiring an additional 180 shares in the last quarter. Norden Group LLC increased its stake in shares of PepsiCo by 3,345.6% during the first 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. Marion Wealth Management raised its holdings in PepsiCo by 6.3% during the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after purchasing an additional 494 shares in the last quarter. Finally, Public Employees Retirement System of Ohio boosted its stake in PepsiCo by 1.6% during the 4th quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock valued at $121,486,000 after purchasing an additional 11,485 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Morgan Stanley cut their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a report on Friday, July 12th. Royal Bank of Canada reduced their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Finally, Bank of America cut their price objective on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. 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.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Trading Down 0.2 %

Shares of NASDAQ:PEP opened at $177.81 on Wednesday. The firm has a fifty day moving average of $171.55 and a two-hundred day moving average of $171.29. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41. The firm has a market capitalization of $244.23 billion, a P/E ratio of 25.81, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) 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 analysts’ expectations of $22.59 billion. During the same quarter last year, the firm earned $2.09 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.05%. The ex-dividend date is Friday, September 6th. PepsiCo’s 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.