American Research & Management Co. Grows Holdings in PepsiCo, Inc. (PEP)

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American Research & Management Co. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 23.4% during the second quarter, Holdings Channel reports. The institutional investor owned 70,820 shares of the company’s stock after buying an additional 13,420 shares during the quarter. PepsiCo comprises about 2.7% of American Research & Management Co.’s investment portfolio, making the stock its 10th largest position. American Research & Management Co.’s holdings in PepsiCo were worth $7,710,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in PepsiCo by 5.1% during the 1st quarter. BlackRock Inc. now owns 92,561,144 shares of the company’s stock worth $10,103,049,000 after buying an additional 4,496,990 shares during the last quarter. Geode Capital Management LLC lifted its holdings in shares of PepsiCo by 8.5% in the 4th quarter. Geode Capital Management LLC now owns 16,678,262 shares of the company’s stock worth $1,996,271,000 after purchasing an additional 1,305,279 shares during the last quarter. Schwab Charles Investment Management Inc. lifted its holdings in shares of PepsiCo by 8.0% in the 1st quarter. Schwab Charles Investment Management Inc. now owns 8,772,804 shares of the company’s stock worth $957,552,000 after purchasing an additional 646,645 shares during the last quarter. Amundi Pioneer Asset Management Inc. lifted its holdings in shares of PepsiCo by 11.3% in the 1st quarter. Amundi Pioneer Asset Management Inc. now owns 7,017,904 shares of the company’s stock worth $766,005,000 after purchasing an additional 711,290 shares during the last quarter. Finally, Renaissance Technologies LLC lifted its holdings in shares of PepsiCo by 18.1% in the 4th quarter. Renaissance Technologies LLC now owns 6,497,262 shares of the company’s stock worth $779,152,000 after purchasing an additional 996,562 shares during the last quarter. 70.40% of the stock is currently owned by institutional investors.

Several equities analysts have recently issued reports on the company. BidaskClub upgraded PepsiCo from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 24th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a report on Wednesday, June 27th. Deutsche Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price for the company. in a research report on Tuesday, July 3rd. TheStreet raised PepsiCo from a “c+” rating to a “b-” rating in a research report on Friday, July 6th. Finally, ValuEngine raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Two analysts have rated the stock with a sell rating, eleven have issued a hold rating and six have given a buy rating to the stock. The stock has an average rating of “Hold” and an average target price of $120.31.

PEP opened at $113.50 on Friday. The firm has a market cap of $158.42 billion, a P/E ratio of 21.70, a PEG ratio of 2.64 and a beta of 0.66. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51. The company has a quick ratio of 1.09, a current ratio of 1.24 and a debt-to-equity ratio of 3.00.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, July 10th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.53 by $0.08. The firm had revenue of $16.09 billion during the quarter, compared to analysts’ expectations of $16.05 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The business’s revenue for the quarter was up 2.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 earnings per share. analysts predict that PepsiCo, Inc. will post 5.69 earnings per share for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $3.71 dividend on an annualized basis and a yield of 3.27%. PepsiCo’s payout ratio is 70.94%.

PepsiCo Profile

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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