Pacifica Partners Inc. lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 10,633 shares of the company’s stock after selling 1,194 shares during the period. PepsiCo makes up 1.6% of Pacifica Partners Inc.’s portfolio, making the stock its 19th biggest position. Pacifica Partners Inc.’s holdings in PepsiCo were worth $1,408,000 as of its most recent SEC filing.
Several other hedge funds have also modified their holdings of PEP. Country Club Trust Company n.a. lifted its position in shares of PepsiCo by 0.4% during the first quarter. Country Club Trust Company n.a. now owns 17,967 shares of the company’s stock worth $2,254,000 after purchasing an additional 76 shares in the last quarter. Cottage Street Advisors LLC boosted its position in PepsiCo by 0.4% in the 2nd quarter. Cottage Street Advisors LLC now owns 19,141 shares of the company’s stock valued at $2,532,000 after buying an additional 78 shares during the last quarter. Inspirion Wealth Advisors LLC grew its stake in shares of PepsiCo by 2.9% during the first quarter. Inspirion Wealth Advisors LLC now owns 2,836 shares of the company’s stock valued at $341,000 after acquiring an additional 80 shares in the last quarter. Hodges Capital Management Inc. increased its position in shares of PepsiCo by 0.6% during the first quarter. Hodges Capital Management Inc. now owns 13,818 shares of the company’s stock worth $1,660,000 after acquiring an additional 80 shares during the last quarter. Finally, Larson Financial Group LLC lifted its stake in shares of PepsiCo by 4.8% in the first quarter. Larson Financial Group LLC now owns 1,785 shares of the company’s stock worth $214,000 after acquiring an additional 81 shares in the last quarter. 70.60% of the stock is currently owned by institutional investors and hedge funds.
A number of equities analysts have issued reports on the company. Cfra upped their target price on PepsiCo from $145.00 to $150.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 28th. Goldman Sachs Group started coverage on shares of PepsiCo in a report on Wednesday, April 1st. They issued a “conviction-buy” rating on the stock. Royal Bank of Canada reissued a “buy” rating and set a $153.00 price objective on shares of PepsiCo in a report on Tuesday, April 14th. Barclays restated a “hold” rating and issued a $136.00 target price on shares of PepsiCo in a research note on Friday, April 17th. Finally, DZ Bank reaffirmed a “buy” rating and set a $136.00 price target on shares of PepsiCo in a research report on Thursday, March 26th. Eight research analysts have rated the stock with a hold rating, nine have issued a buy rating and two have given a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $143.00.
Shares of PEP opened at $135.52 on Wednesday. PepsiCo, Inc. has a 12 month low of $101.42 and a 12 month high of $147.20. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.10 and a quick ratio of 0.94. The stock has a fifty day moving average price of $131.77 and a 200 day moving average price of $133.78. The company has a market cap of $186.56 billion, a P/E ratio of 26.31, a PEG ratio of 5.11 and a beta of 0.58.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Monday, July 13th. The company reported $1.32 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.25 by $0.07. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. The company had revenue of $15.95 billion during the quarter, compared to the consensus estimate of $15.47 billion. During the same quarter in the previous year, the company posted $1.54 earnings per share. The company’s revenue for the quarter was down 3.1% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.32 earnings per share for the current year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th were given a $1.0225 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. The ex-dividend date was Thursday, June 4th. This represents a $4.09 annualized dividend and a yield of 3.02%. PepsiCo’s dividend payout ratio is 73.96%.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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