PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by GHP Investment Advisors Inc.

GHP Investment Advisors Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% during the second quarter, according to its most recent Form 13F filing with the SEC. The firm owned 65,171 shares of the company’s stock after purchasing an additional 2,553 shares during the period. GHP Investment Advisors Inc.’s holdings in PepsiCo were worth $10,749,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the business. Norges Bank acquired a new position in PepsiCo in the fourth quarter valued at approximately $2,686,139,000. Franklin Resources Inc. lifted its holdings in shares of PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares during the last quarter. Stifel Financial Corp boosted its position in PepsiCo by 15.7% during the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after purchasing an additional 693,873 shares during the period. Sanders Capital LLC increased its position in PepsiCo by 2.9% in the fourth quarter. Sanders Capital LLC now owns 4,755,895 shares of the company’s stock worth $807,741,000 after buying an additional 135,300 shares during the period. Finally, Flossbach Von Storch AG lifted its stake in PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after buying an additional 1,832,385 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $177.25 on Friday. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The stock’s 50-day moving average price is $172.11 and its two-hundred day moving average price is $171.37. The company has a market cap of $243.47 billion, a PE ratio of 25.73, a PEG ratio of 3.03 and a beta of 0.53. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 3.06%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. dropped their price objective 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. Barclays raised their target price on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. TD Cowen decreased their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Finally, Wells Fargo & Company decreased their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $185.53.

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.