PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Asset Management Group Inc.

Asset Management Group Inc. raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 38,268 shares of the company’s stock after acquiring an additional 2,653 shares during the quarter. PepsiCo accounts for about 1.2% of Asset Management Group Inc.’s investment portfolio, making the stock its 26th largest holding. Asset Management Group Inc.’s holdings in PepsiCo were worth $6,312,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Capstone Triton Financial Group LLC raised its position in shares of PepsiCo by 2.6% in the 2nd quarter. Capstone Triton Financial Group LLC now owns 5,780 shares of the company’s stock valued at $953,000 after purchasing an additional 146 shares in the last quarter. Thrivent Financial for Lutherans raised its holdings in PepsiCo by 8.5% in the second quarter. Thrivent Financial for Lutherans now owns 121,512 shares of the company’s stock valued at $20,040,000 after acquiring an additional 9,567 shares in the last quarter. Boston Research & Management Inc. boosted its stake in PepsiCo by 2.3% during the 2nd quarter. Boston Research & Management Inc. now owns 32,468 shares of the company’s stock valued at $5,355,000 after acquiring an additional 721 shares during the last quarter. Sei Investments Co. increased its position in shares of PepsiCo by 2.8% in the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after purchasing an additional 10,547 shares during the last quarter. Finally, Pacer Advisors Inc. raised its stake in shares of PepsiCo by 14.1% in the 2nd quarter. Pacer Advisors Inc. now owns 201,035 shares of the company’s stock valued at $33,157,000 after purchasing an additional 24,835 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 2.0 %

PepsiCo stock opened at $171.18 on Friday. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The firm’s 50 day moving average price is $173.51 and its two-hundred day moving average price is $171.74. The firm has a market cap of $235.13 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. 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 (NASDAQ:PEP) last announced its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (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 company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same period in the previous year, the firm earned $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced 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 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Morgan Stanley downgraded shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a report on Friday. Bank of America reduced their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $185.53.

About PepsiCo

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.