Janney Montgomery Scott LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 6.1% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 403,254 shares of the company’s stock after buying an additional 23,290 shares during the period. Janney Montgomery Scott LLC’s holdings in PepsiCo were worth $43,902,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds have also added to or reduced their stakes in PEP. HC Financial Advisors Inc. purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $1,040,000. Alexandria Capital LLC increased its stake in shares of PepsiCo by 116.5% during the fourth quarter. Alexandria Capital LLC now owns 8,692 shares of the company’s stock worth $1,042,000 after buying an additional 4,677 shares during the period. Mission Wealth Management LP increased its stake in shares of PepsiCo by 21.1% during the fourth quarter. Mission Wealth Management LP now owns 14,282 shares of the company’s stock worth $1,713,000 after buying an additional 2,491 shares during the period. Dragon Financial & Investment Group LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth approximately $358,000. Finally, Mawer Investment Management Ltd. increased its stake in shares of PepsiCo by 3.1% during the fourth quarter. Mawer Investment Management Ltd. now owns 1,048,788 shares of the company’s stock worth $125,760,000 after buying an additional 31,595 shares during the period. 70.40% of the stock is owned by institutional investors.
A number of analysts recently weighed in on PEP shares. BidaskClub upgraded shares of PepsiCo from a “strong sell” rating to a “sell” rating in a research note on Thursday, May 24th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Deutsche Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price on the stock. in a research note on Tuesday, July 3rd. TheStreet upgraded shares of PepsiCo from a “c+” rating to a “b-” rating in a research note on Friday, July 6th. Finally, ValuEngine upgraded shares of PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. Two investment analysts have rated the stock with a sell rating, twelve have given a hold rating and six have assigned a buy rating to the company. The company currently has a consensus rating of “Hold” and an average target price of $120.00.
Shares of PepsiCo stock opened at $113.12 on Thursday. The company has a market capitalization of $158.42 billion, a price-to-earnings ratio of 20.90, a P/E/G ratio of 2.64 and a beta of 0.66. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.09 and a current ratio of 1.24.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, July 10th. The company reported $1.61 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.08. The company had revenue of $16.09 billion for the quarter, compared to analyst estimates of $16.05 billion. PepsiCo had a net margin of 7.14% and a return on equity of 67.06%. The firm’s revenue was up 2.4% on a year-over-year basis. During the same period in the prior year, the firm posted $1.50 earnings per share. analysts anticipate that PepsiCo, Inc. will post 5.69 EPS for the current fiscal year.
The business also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be paid a $0.9275 dividend. The ex-dividend date is Thursday, September 6th. This represents a $3.71 annualized dividend and a yield of 3.28%. PepsiCo’s dividend payout ratio is currently 70.94%.
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.
See Also: Leveraged Buyout (LBO) Explained
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP).
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.