Mather Group LLC. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 61.2% in the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 18,235 shares of the company’s stock after acquiring an additional 6,923 shares during the quarter. Mather Group LLC.’s holdings in PepsiCo were worth $2,039,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds have also recently made changes to their positions in the company. WP Advisors LLC bought a new stake in shares of PepsiCo during the second quarter valued at about $118,000. WealthTrust Arizona LLC raised its stake in shares of PepsiCo by 268.7% during the third quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock valued at $124,000 after purchasing an additional 806 shares in the last quarter. Canton Hathaway LLC bought a new stake in shares of PepsiCo during the third quarter valued at about $127,000. Fort L.P. bought a new stake in shares of PepsiCo during the second quarter valued at about $125,000. Finally, Atlas Capital Advisors LLC raised its stake in shares of PepsiCo by 85.7% during the second quarter. Atlas Capital Advisors LLC now owns 1,300 shares of the company’s stock valued at $149,000 after purchasing an additional 600 shares in the last quarter. 70.63% of the stock is owned by institutional investors.
Shares of PepsiCo stock opened at $117.00 on Thursday. The company has a current ratio of 1.31, a quick ratio of 1.15 and a debt-to-equity ratio of 2.95. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The stock has a market capitalization of $165.56 billion, a price-to-earnings ratio of 22.37, a price-to-earnings-growth ratio of 2.94 and a beta of 0.60.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.57 by $0.02. The firm had revenue of $16.49 billion for the quarter, compared to the consensus estimate of $16.38 billion. PepsiCo had a return on equity of 73.27% and a net margin of 7.66%. The business’s revenue for the quarter was up 1.5% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.48 EPS. As a group, analysts predict that PepsiCo, Inc. will post 5.65 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Monday, January 7th. Shareholders of record on Friday, December 7th will be issued a dividend of $0.9275 per share. The ex-dividend date is Thursday, December 6th. This represents a $3.71 annualized dividend and a yield of 3.17%. PepsiCo’s payout ratio is presently 70.94%.
In other PepsiCo news, EVP Mehmood Khan sold 168,295 shares of the business’s stock in a transaction dated Tuesday, October 23rd. The stock was sold at an average price of $110.12, for a total transaction of $18,532,645.40. Following the sale, the executive vice president now owns 173,702 shares in the company, valued at approximately $19,128,064.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, CEO Laxman Narasimhan sold 5,500 shares of the business’s stock in a transaction dated Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the sale, the chief executive officer now owns 130,135 shares in the company, valued at approximately $13,897,116.65. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 205,893 shares of company stock worth $22,663,157. Corporate insiders own 0.27% of the company’s stock.
A number of equities research analysts recently weighed in on PEP shares. Zacks Investment Research upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 price objective on the stock in a research note on Tuesday, September 11th. JPMorgan Chase & Co. set a $124.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a research report on Wednesday, October 3rd. Morgan Stanley dropped their price target on shares of PepsiCo from $127.00 to $125.00 and set a “buy” rating on the stock in a research report on Thursday, October 4th. BidaskClub upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 26th. Finally, ValuEngine upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Saturday, December 1st. Two research analysts have rated the stock with a sell rating, twelve have assigned a hold rating, six have given a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus price target of $117.89.
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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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