Ieq Capital LLC Purchases 5,863 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Ieq Capital LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 105,460 shares of the company’s stock after acquiring an additional 5,863 shares during the quarter. Ieq Capital LLC’s holdings in PepsiCo were worth $17,394,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of PEP. Massachusetts Financial Services Co. MA grew its holdings in shares of PepsiCo by 7.4% during the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock worth $1,673,632,000 after purchasing an additional 700,092 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in PepsiCo by 8.2% during the second quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the company’s stock worth $1,221,089,000 after buying an additional 561,465 shares in the last quarter. Stifel Financial Corp increased its holdings in PepsiCo by 15.7% in the 4th quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock valued at $869,869,000 after buying an additional 693,873 shares during the period. Sanders Capital LLC lifted its holdings in shares of PepsiCo by 2.9% during the 4th 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 during the period. Finally, Flossbach Von Storch AG boosted 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 acquiring an additional 1,832,385 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. BNP Paribas began coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Morgan Stanley reduced their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Wells Fargo & Company decreased their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Finally, Royal Bank of Canada lowered 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. Seven 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, PepsiCo has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Trading Down 0.3 %

Shares of PEP stock opened at $174.66 on Friday. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The stock has a market cap of $240.12 billion, a price-to-earnings ratio of 25.35, a PEG ratio of 3.06 and a beta of 0.53. The stock has a 50-day moving average of $173.42 and a 200-day moving average of $171.70.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the business earned $2.09 EPS. The company’s revenue was up .8% compared to the same quarter last year. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is 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.