Kowal Investment Group LLC Has $1.40 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Kowal Investment Group LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,486 shares of the company’s stock after purchasing an additional 518 shares during the period. Kowal Investment Group LLC’s holdings in PepsiCo were worth $1,400,000 at the end of the most recent quarter.

Other large investors have also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA raised its holdings in PepsiCo by 7.4% in the 2nd quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock valued at $1,673,632,000 after buying an additional 700,092 shares during the last quarter. Dimensional Fund Advisors LP raised its stake in shares of PepsiCo by 8.2% during the second 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 during the last quarter. Stifel Financial Corp lifted its holdings in shares of PepsiCo by 15.7% during 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 during the period. Sanders Capital LLC grew its stake in shares of PepsiCo by 2.9% in the fourth quarter. Sanders Capital LLC now owns 4,755,895 shares of the company’s stock worth $807,741,000 after purchasing an additional 135,300 shares during the last quarter. Finally, Flossbach Von Storch AG increased its holdings in PepsiCo by 67.2% in the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after purchasing an additional 1,832,385 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on PEP shares. BNP Paribas assumed coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target for the company. in a report on Friday. Bank of America reduced their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Nine investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $185.53.

PepsiCo Trading Down 2.0 %

Shares of PepsiCo stock opened at $171.18 on Friday. The stock has a market capitalization of $235.13 billion, a PE ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The stock has a 50 day moving average price of $173.51 and a two-hundred day moving average price of $171.81. 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 quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter in the previous year, the business posted $2.09 EPS. PepsiCo’s quarterly revenue was up .8% on a year-over-year basis. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.17%. PepsiCo’s 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.