WFG Advisors LP lessened its stake in Pepsico, Inc. (NYSE:PEP) by 16.3% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,349 shares of the company’s stock after selling 1,234 shares during the period. WFG Advisors LP’s holdings in Pepsico were worth $733,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Grove Bank & Trust grew its stake in shares of Pepsico by 41.6% during the second quarter. Grove Bank & Trust now owns 11,371 shares of the company’s stock worth $1,313,000 after acquiring an additional 3,339 shares during the last quarter. Wedbush Securities Inc. grew its stake in shares of Pepsico by 20.4% during the second quarter. Wedbush Securities Inc. now owns 17,247 shares of the company’s stock worth $1,992,000 after acquiring an additional 2,922 shares during the last quarter. Stratos Wealth Partners LTD. grew its stake in shares of Pepsico by 3.8% during the second quarter. Stratos Wealth Partners LTD. now owns 78,716 shares of the company’s stock worth $9,091,000 after acquiring an additional 2,905 shares during the last quarter. Pioneer Investment Management Inc. grew its stake in shares of Pepsico by 2.1% during the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock worth $520,476,000 after acquiring an additional 91,851 shares during the last quarter. Finally, Koshinski Asset Management Inc. grew its stake in shares of Pepsico by 4.0% during the second quarter. Koshinski Asset Management Inc. now owns 6,907 shares of the company’s stock worth $798,000 after acquiring an additional 265 shares during the last quarter. Institutional investors own 70.50% of the company’s stock.
A number of brokerages have recently weighed in on PEP. Zacks Investment Research upgraded Pepsico from a “sell” rating to a “hold” rating in a research note on Tuesday. Deutsche Bank began coverage on Pepsico in a research note on Wednesday. They set a “buy” rating and a $132.00 price target on the stock. BMO Capital Markets restated a “hold” rating and set a $120.00 price target on shares of Pepsico in a research note on Wednesday, September 6th. Credit Suisse Group restated a “hold” rating and set a $122.00 price target (down previously from $124.00) on shares of Pepsico in a research note on Thursday, October 5th. Finally, Royal Bank of Canada restated a “hold” rating on shares of Pepsico in a research note on Sunday, November 12th. Eight analysts have rated the stock with a hold rating, eight have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus target price of $122.73.
Shares of Pepsico, Inc. (NYSE PEP) traded up $0.22 during midday trading on Friday, reaching $118.02. The company had a trading volume of 4,057,700 shares, compared to its average volume of 3,660,545. The stock has a market capitalization of $167,528.44, a price-to-earnings ratio of 23.01, a P/E/G ratio of 3.20 and a beta of 0.68. Pepsico, Inc. has a 52-week low of $101.06 and a 52-week high of $119.39. The company has a current ratio of 1.35, a quick ratio of 1.21 and a debt-to-equity ratio of 2.32.
Pepsico (NYSE:PEP) last issued its earnings results on Wednesday, October 4th. The company reported $1.48 EPS for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analyst estimates of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. Pepsico’s revenue for the quarter was up 1.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.40 earnings per share. sell-side analysts anticipate that Pepsico, Inc. will post 5.22 earnings per share for the current year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be given a $0.805 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $3.22 dividend on an annualized basis and a yield of 2.73%. Pepsico’s dividend payout ratio is currently 66.53%.
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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