Addenda Capital Inc. cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 81,324 shares of the company’s stock after selling 888 shares during the period. Addenda Capital Inc.’s holdings in PepsiCo were worth $14,825,000 at the end of the most recent quarter.
Other large investors have also made changes to their positions in the company. Proquility Private Wealth Partners LLC increased its position in shares of PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after acquiring an additional 57 shares in the last quarter. Wealth Advisory Solutions LLC increased its position in shares of PepsiCo by 1.7% in the third quarter. Wealth Advisory Solutions LLC now owns 3,545 shares of the company’s stock worth $579,000 after acquiring an additional 59 shares in the last quarter. 180 Wealth Advisors LLC increased its position in shares of PepsiCo by 1.4% in the first quarter. 180 Wealth Advisors LLC now owns 4,180 shares of the company’s stock worth $762,000 after acquiring an additional 59 shares in the last quarter. Hofer & Associates. Inc grew its holdings in PepsiCo by 2.7% during the 3rd quarter. Hofer & Associates. Inc now owns 2,319 shares of the company’s stock valued at $379,000 after purchasing an additional 60 shares in the last quarter. Finally, One Plus One Wealth Management LLC grew its holdings in PepsiCo by 2.0% during the 4th quarter. One Plus One Wealth Management LLC now owns 3,115 shares of the company’s stock valued at $563,000 after purchasing an additional 60 shares in the last quarter. 75.46% of the stock is owned by institutional investors and hedge funds.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the stock. Morgan Stanley raised their price target on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. UBS Group raised their price target on shares of PepsiCo from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 26th. Wells Fargo & Company raised their price objective on shares of PepsiCo from $187.00 to $196.00 in a report on Wednesday, April 26th. Finally, Sanford C. Bernstein raised shares of PepsiCo from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $190.25.
PepsiCo Trading Up 0.1 %
PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The company had revenue of $17.85 billion for the quarter, compared to the consensus estimate of $17.27 billion. PepsiCo had a net margin of 7.48% and a return on equity of 53.68%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 7.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Investors of record on Friday, June 2nd will be given a $1.265 dividend. The ex-dividend date of this dividend is Thursday, June 1st. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. This represents a $5.06 annualized dividend and a yield of 2.73%. PepsiCo’s dividend payout ratio (DPR) is currently 106.53%.
PepsiCo Company Profile
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
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