Folger Nolan Fleming Douglas Capital Management Inc. lowered its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 93,376 shares of the company’s stock after selling 610 shares during the quarter. PepsiCo accounts for approximately 1.5% of Folger Nolan Fleming Douglas Capital Management Inc.’s investment portfolio, making the stock its 9th largest position. Folger Nolan Fleming Douglas Capital Management Inc.’s holdings in PepsiCo were worth $10,192,000 at the end of the most recent quarter.
Other institutional investors have also recently added to or reduced their stakes in the company. Geode Capital Management LLC increased its position in PepsiCo by 8.5% during the 4th quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock valued at $1,996,271,000 after purchasing an additional 1,305,279 shares during the period. Schwab Charles Investment Management Inc. increased its position in PepsiCo by 8.0% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 8,772,804 shares of the company’s stock valued at $957,552,000 after purchasing an additional 646,645 shares during the period. UBS Asset Management Americas Inc. increased its position in PepsiCo by 0.6% during the 4th quarter. UBS Asset Management Americas Inc. now owns 7,174,653 shares of the company’s stock valued at $860,384,000 after purchasing an additional 41,529 shares during the period. APG Asset Management N.V. increased its position in PepsiCo by 6.6% during the 4th quarter. APG Asset Management N.V. now owns 6,708,832 shares of the company’s stock valued at $669,989,000 after purchasing an additional 413,900 shares during the period. Finally, Renaissance Technologies LLC increased its position in PepsiCo by 18.1% during the 4th quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock valued at $779,152,000 after purchasing an additional 996,562 shares during the period. 69.69% of the stock is owned by institutional investors.
Shares of PepsiCo opened at $108.68 on Friday, according to MarketBeat Ratings. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $122.51. The company has a current ratio of 1.28, a quick ratio of 1.15 and a debt-to-equity ratio of 2.91. The firm has a market capitalization of $153.20 billion, a P/E ratio of 20.78, a PEG ratio of 2.50 and a beta of 0.68.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 26th. The company reported $0.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.93 by $0.03. PepsiCo had a return on equity of 62.43% and a net margin of 7.62%. The company had revenue of $12.56 billion for the quarter, compared to analysts’ expectations of $12.37 billion. During the same period last year, the business earned $0.94 EPS. PepsiCo’s quarterly revenue was up 4.3% compared to the same quarter last year. sell-side analysts forecast that PepsiCo, Inc. will post 5.67 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be issued a $0.9275 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $0.81. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.41%. The ex-dividend date is Thursday, May 31st. PepsiCo’s dividend payout ratio (DPR) is currently 70.94%.
A number of analysts have weighed in on PEP shares. Goldman Sachs Group reissued a “sell” rating on shares of PepsiCo in a research report on Tuesday, April 17th. TheStreet downgraded shares of PepsiCo from a “b-” rating to a “c+” rating in a research report on Thursday, March 1st. BidaskClub cut PepsiCo from a “hold” rating to a “sell” rating in a report on Friday, April 20th. Barclays restated a “hold” rating and set a $108.00 price target on shares of PepsiCo in a report on Monday, April 30th. Finally, Susquehanna Bancshares set a $130.00 price target on PepsiCo and gave the stock a “buy” rating in a report on Friday, May 4th. Three investment analysts have rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The stock currently has an average rating of “Hold” and an average target price of $120.36.
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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