Delaney Dennis R Has $2.43 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Delaney Dennis R lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 14,719 shares of the company’s stock after selling 1,319 shares during the period. PepsiCo comprises 1.3% of Delaney Dennis R’s holdings, making the stock its 29th largest position. Delaney Dennis R’s holdings in PepsiCo were worth $2,428,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Massachusetts Financial Services Co. MA raised its holdings in shares of PepsiCo by 7.4% during the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock worth $1,673,632,000 after acquiring an additional 700,092 shares during the period. Dimensional Fund Advisors LP lifted its stake in PepsiCo by 8.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock valued at $1,221,089,000 after acquiring an additional 561,465 shares in the last quarter. Stifel Financial Corp lifted its position in shares of PepsiCo by 15.7% in the fourth quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock worth $869,869,000 after purchasing an additional 693,873 shares in the last quarter. Sanders Capital LLC raised its holdings in PepsiCo by 2.9% during the fourth quarter. Sanders Capital LLC now owns 4,755,895 shares of the company’s stock worth $807,741,000 after acquiring an additional 135,300 shares in the last quarter. Finally, Flossbach Von Storch AG increased its position in shares of PepsiCo by 67.2% during the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after purchasing an additional 1,832,385 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of analyst reports. TD Cowen lowered their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Royal Bank of Canada dropped their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, Morgan Stanley dropped their price target on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Stock Performance

PepsiCo stock opened at $175.21 on Thursday. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The stock has a market cap of $240.88 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.06 and a beta of 0.53. The stock’s 50 day simple moving average is $173.20 and its two-hundred day simple moving average is $171.68.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping 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 for the quarter, compared to analysts’ expectations of $22.59 billion. During the same period in the previous year, the firm posted $2.09 EPS. The business’s revenue for the quarter was up .8% compared to the same quarter last year. As a group, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.09%. The ex-dividend date of this dividend is Friday, September 6th. 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.