NASDAQ According to the company’s most recent 13F filing with the Securities and Exchange Commission (SEC), Sandler Capital Management lowered its interest in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 49.7% in the first quarter. After selling 37,281 shares during the quarter, the fund now owns 37,784 shares of the company’s stock. Sandler Capital Management’s PepsiCo holdings were valued at $6,888,000 at the conclusion of the most recent quarter.
Other institutional investors have lately increased or decreased their holdings in the company. During the first quarter, Essex Savings Bank increased its holdings of PepsiCo by 0.6%. Essex Savings Bank now owns 18,928 shares of the company’s stock, valued at $3,451,000, after purchasing 107 more in the last quarter
. In the first quarter, First Personal Financial Services boosted its stake in PepsiCo by 2.0%. After purchasing an additional 623 shares during the last quarter, First Personal Financial Services now owns 32,470 shares of the company’s stock, valued at $5,919,000. In the first quarter, Zuckerman Investment Group LLC boosted its stake in PepsiCo by 4.4%.
Zuckerman Investment Group LLC now owns 1,831 shares of the company’s stock, valued at $334,000, after purchasing 78 more in the last quarter. In the first quarter, Trinity Legacy Partners LLC boosted its stake in PepsiCo by 0.3%. Trinity Legacy Partners LLC now owns 31,270 shares of the company’s stock, valued at $5,701,000, after purchasing 93 more in the last quarter.
Finally, in the first quarter, Asset Management One Co. Ltd. boosted its stake in PepsiCo by 3.8%. After purchasing an additional 26,534 shares during the last quarter, Asset Management One Co. Ltd. now owns 726,047 shares of the company’s stock, valued at $132,358,000. Institutional investors currently own 71.40% of the stock.
Nasdaq: PepsiCo Price Performance
NASDAQ PEP shares rose $2.90 during midday trading on Monday, reaching $179.17. The company traded 1,939,416 shares, compared to an average volume of 4,630,038.
The stock has a $246.64 billion market value, a P/E ratio of 31.40, a P/E/G ratio of 2.90, and a beta of 0.54. PepsiCo, Inc. has a one-year low of $160.98 and a one-year high of $196.88. The 50-day moving average for the stock is $183.26. The quick ratio is 0.64, the current ratio is 0.84, and the debt-to-equity ratio is 2.02.
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PepsiCo (NASDAQ:PEP – Get Free Report) most recently reported earnings on Thursday, July 13th. The company announced $2.09 earnings per share (EPS) for the quarter, $0.13 higher than the consensus estimate of $1.96. PepsiCo achieved a 56.05% return on equity and an 8.76% net margin.
During the quarter, the company’s sales was $22.32 billion, compared to analyst estimates of $21.73 billion. The company earned $1.86 per share over the same period the prior year. Revenue for the quarter increased 10.4% compared to the same period last year. Analysts estimate PepsiCo, Inc. to earn 7.48 cents per share for the current fiscal year.
PepsiCo Announces Dividend.
In addition, the company just declared a quarterly dividend that will be paid on Friday, September 29th. Dividends of $1.265 per share will be paid to shareholders of record on Friday, September 1st. This equates to a $5.06 yearly dividend and a 2.82% yield. This dividend’s ex-dividend date is Thursday, August 31st. The dividend payout ratio (DPR) of PepsiCo is currently 88.62%.
Analyst Ratings Changes
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Several research analysts have commented on nasdaq PEP stock. In a research note issued on Friday, July 14th, Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $193.00 to $195.00. In a research note issued on Monday,
July 10th, Barclays reduced their target price for PepsiCo from $206.00 to $198.00. In a research report issued on Friday, July 14th, Argus raised their price target on PepsiCo from $206.00 to $212.00. In a research note issued on Friday, July 14th, Royal Bank of Canada raised their price target on PepsiCo from $178.00 to $180.00.
Finally, in a research note issued on Friday, July 14th, Wedbush raised their price objective on PepsiCo from $200.00 to $206.00 and assigned the stock a “outperform” rating.
One investment analyst has given the stock a rating of a sell rating, seven have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $192.00.
Check Out Our Latest Stock Analysis on PEP
PepsiCo, Inc manufactures, promotes, distributes, and sells a wide range of beverages and convenience foods around the world. 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 are the company’s seven segments.