Level Four Advisory Services LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 20,555 shares of the company’s stock after purchasing an additional 1,624 shares during the quarter. Level Four Advisory Services LLC’s holdings in PepsiCo were worth $3,807,000 as of its most recent SEC filing.
Other institutional investors have also recently made changes to their positions in the company. Mirae Asset Global Investments Co. Ltd. lifted its position in PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares during the period. AMI Investment Management Inc. lifted its position in PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after acquiring an additional 113 shares during the period. Mather Group LLC. lifted its position in PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after acquiring an additional 1,262 shares during the period. Wsfs Capital Management LLC lifted its position in PepsiCo by 117.2% during the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after acquiring an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. lifted its position in PepsiCo by 8.5% during the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after acquiring an additional 2,116 shares during the period. Institutional investors and hedge funds own 71.40% of the company’s stock.
Wall Street Analyst Weigh In
PEP has been the subject of several analyst reports. Barclays decreased their price objective on PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. Royal Bank of Canada boosted their price objective on PepsiCo from $178.00 to $180.00 in a report on Friday, July 14th. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective for the company. in a report on Monday, July 17th. Evercore ISI boosted their price objective on PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $192.00.
PepsiCo Price Performance
NASDAQ:PEP opened at $175.38 on Friday. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The stock has a 50 day moving average of $182.37 and a two-hundred day moving average of $184.58. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The firm has a market cap of $241.42 billion, a P/E ratio of 30.71, a price-to-earnings-growth ratio of 2.93 and a beta of 0.54.
PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Thursday, July 13th. The company reported $2.09 EPS for the quarter, topping the consensus estimate of $1.96 by $0.13. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. PepsiCo’s quarterly revenue was up 10.4% on a year-over-year basis. During the same period in the previous year, the business earned $1.86 EPS. On average, analysts expect that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is presently 88.62%.
About PepsiCo
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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