PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Wallace Capital Management Inc.

Wallace Capital Management Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 2,231 shares of the company’s stock after purchasing an additional 100 shares during the period. Wallace Capital Management Inc.’s holdings in PepsiCo were worth $368,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Gilbert & Cook Inc. increased its stake in shares of PepsiCo by 23.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC raised its stake in shares of PepsiCo by 4.4% during the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares during the period. 9258 Wealth Management LLC grew its stake in PepsiCo by 56.0% in the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock valued at $1,407,000 after acquiring an additional 2,974 shares during the period. Steward Partners Investment Solutions LLC acquired a new position in PepsiCo during the fourth quarter worth $522,000. Finally, Jones Financial Companies Lllp increased its stake in shares of PepsiCo by 5.2% during the fourth quarter. Jones Financial Companies Lllp now owns 75,965 shares of the company’s stock worth $12,902,000 after purchasing an additional 3,756 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $170.00 on Monday. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The company has a market capitalization of $233.51 billion, a price-to-earnings ratio of 24.67, a PEG ratio of 2.93 and a beta of 0.53. The stock has a fifty day moving average of $173.77 and a two-hundred day moving average of $172.08. 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 released its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping the consensus estimate of $2.16 by $0.12. The firm had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up .8% on a year-over-year basis. During the same period in the previous year, the company earned $2.09 EPS. On average, analysts anticipate that PepsiCo, Inc. will post 8.14 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 issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is currently 78.66%.

Analysts Set New Price Targets

Several equities research analysts have issued reports on the stock. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Jefferies Financial Group dropped 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. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $185.53.

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.