Certified Advisory Corp Acquires 82 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Certified Advisory Corp raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.0% during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 2,117 shares of the company’s stock after acquiring an additional 82 shares during the quarter. Certified Advisory Corp’s holdings in PepsiCo were worth $349,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Massachusetts Financial Services Co. MA boosted its holdings in shares of PepsiCo by 7.4% in the second quarter. Massachusetts Financial Services Co. MA now owns 10,147,530 shares of the company’s stock valued at $1,673,632,000 after purchasing an additional 700,092 shares during the period. Dimensional Fund Advisors LP grew its position in shares of PepsiCo by 8.2% during the 2nd 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 stake 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 valued at $869,869,000 after buying an additional 693,873 shares during the period. Sanders Capital LLC raised its holdings 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 valued at $807,741,000 after acquiring an additional 135,300 shares in the last quarter. Finally, Flossbach Von Storch AG grew its holdings in 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. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.5 %

PEP stock opened at $172.11 on Tuesday. The stock has a market capitalization of $236.61 billion, a PE ratio of 24.98, 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 company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The firm has a 50 day moving average of $173.68 and a 200 day moving average of $171.93.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the company earned $2.09 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.15%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analyst Ratings Changes

Several research firms have recently commented on PEP. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. 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 research note on Friday. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Jefferies Financial Group reduced their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price 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.