PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Invst LLC

Invst LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 28.1% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 2,870 shares of the company’s stock after acquiring an additional 630 shares during the quarter. Invst LLC’s holdings in PepsiCo were worth $467,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. Meixler Investment Management Ltd. lifted its holdings in shares of PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock valued at $228,000 after buying an additional 58 shares during the period. Opes Wealth Management LLC increased its holdings in shares of PepsiCo by 2.2% during the 2nd quarter. Opes Wealth Management LLC now owns 2,748 shares of the company’s stock valued at $453,000 after acquiring an additional 59 shares during the last quarter. Bank of Stockton increased its holdings in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company’s stock valued at $448,000 after acquiring an additional 60 shares during the last quarter. Oxbow Advisors LLC increased its holdings in shares of PepsiCo by 0.7% during the 2nd quarter. Oxbow Advisors LLC now owns 8,982 shares of the company’s stock valued at $1,481,000 after acquiring an additional 60 shares during the last quarter. Finally, Security Financial Services INC. increased its holdings in shares of PepsiCo by 1.6% during the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after acquiring an additional 61 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 0.0 %

NASDAQ PEP opened at $170.05 on Tuesday. The stock has a fifty day moving average of $173.82 and a 200-day moving average of $172.12. The stock has a market capitalization of $233.58 billion, a P/E ratio of 24.68, a price-to-earnings-growth ratio of 2.93 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 debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP) last posted 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 return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same period last year, the company earned $2.09 EPS. The firm’s revenue was up .8% on a year-over-year basis. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. Jefferies Financial Group decreased their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Finally, Barclays raised their price objective on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus target price of $185.20.

PepsiCo 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.