MPS Loria Financial Planners LLC bought a new position in shares of Pepsico, Inc. (NYSE:PEP) in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 2,017 shares of the company’s stock, valued at approximately $240,000.
A number of other large investors have also modified their holdings of the business. Frontier Investment Mgmt Co. boosted its position in shares of Pepsico by 6.6% in the second quarter. Frontier Investment Mgmt Co. now owns 10,574 shares of the company’s stock valued at $1,221,000 after acquiring an additional 658 shares during the period. Burgundy Asset Management Ltd. boosted its position in shares of Pepsico by 1.9% in the second quarter. Burgundy Asset Management Ltd. now owns 2,247,364 shares of the company’s stock valued at $259,548,000 after acquiring an additional 40,950 shares during the period. Intl Fcstone Inc. bought a new position in shares of Pepsico in the second quarter valued at approximately $1,461,000. M Holdings Securities Inc. boosted its position in shares of Pepsico by 13.2% in the second quarter. M Holdings Securities Inc. now owns 19,686 shares of the company’s stock valued at $2,274,000 after acquiring an additional 2,292 shares during the period. Finally, Griffin Asset Management Inc. bought a new position in shares of Pepsico in the second quarter valued at approximately $3,469,000. Hedge funds and other institutional investors own 70.50% of the company’s stock.
A number of research firms have recently commented on PEP. Zacks Investment Research upgraded shares of Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Deutsche Bank began coverage on shares of Pepsico in a research report on Wednesday. They issued a “buy” rating and a $132.00 price objective for the company. Credit Suisse Group lowered shares of Pepsico from an “outperform” rating to a “neutral” rating and cut their price objective for the company from $126.00 to $124.00 in a research report on Friday, September 8th. Royal Bank of Canada restated a “hold” rating and issued a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Finally, BidaskClub lowered shares of Pepsico from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Eight research analysts have rated the stock with a hold rating, eight have issued a buy rating and one has given a strong buy rating to the company. The stock has a consensus rating of “Buy” and an average target price of $122.73.
Shares of Pepsico, Inc. (NYSE PEP) opened at $119.22 on Friday. The firm has a market cap of $169,526.55, a P/E ratio of 23.28, a P/E/G ratio of 3.35 and a beta of 0.68. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. Pepsico, Inc. has a one year low of $101.06 and a one year high of $119.39.
Pepsico (NYSE:PEP) last announced its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The business had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. Pepsico’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period last year, the firm posted $1.40 earnings per share. equities analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a yield of 2.70%. The ex-dividend date of this dividend is Thursday, November 30th. Pepsico’s dividend payout ratio is currently 66.53%.
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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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