3 hours Ago By Defense World Staff
Curbstone Financial Management Corp lessened its holdings in shares of PepsiCo, Inc. ( NASDAQ:PEP – Free Report ) by 7.1% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission.
The institutional investor owned 22,170 shares of the company’s stock after selling 1,700 shares during the quarter. Curbstone Financial Management Corp’s holdings in PepsiCo were worth $3,770,000 as of its most recent SEC filing. A number of other hedge funds and other institutional investors have also bought and sold shares of PEP.
Capital Advisors Ltd. LLC boosted its holdings in shares of PepsiCo by 3.6% in the 1st quarter.
Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares during the last quarter. Norden Group LLC lifted its holdings in PepsiCo by 3,345.
6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after purchasing an additional 174,171 shares during the last quarter. Marion Wealth Management lifted its holdings in PepsiCo by 6.
3% during the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock valued at $1,467,000 after purchasing an additional 494 shares during the last quarter. Public Employees Retirement System of Ohio lifted its holdings in PepsiCo by 1.
6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock valued at $121,486,000 after purchasing an additional 11,485 shares during the last quarter. Finally, Meyer Handelman Co.
lifted its holdings in PepsiCo by 3.9% during the first quarter. Meyer Handelman Co.
now owns 253,769 shares of the company’s stock valued at $44,412,000 after purchasing an additional 9,465 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.
PepsiCo Price Performance NASDAQ PEP opened at $168.53 on Friday. PepsiCo, Inc.
has a one year low of $155.83 and a one year high of $183.41.
The stock has a 50-day moving average of $173.90 and a 200 day moving average of $172.13.
The company has a market capitalization of $231.49 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.
93 and a beta of 0.53. The company has a debt-to-equity ratio of 1.
87, a quick ratio of 0.64 and a current ratio of 0.83.
PepsiCo Dividend Announcement The business also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share.
The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.
22%. PepsiCo’s payout ratio is currently 78.66%.
Wall Street Analysts Forecast Growth PEP has been the topic of a number of recent analyst reports. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.
00 price target on the stock. Barclays upped their price objective on shares of PepsiCo from $179.00 to $187.
00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock.
in a research report on Friday, September 20th. TD Cowen decreased their price objective on shares of PepsiCo from $200.00 to $190.
00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.
00 and set a “buy” rating on the stock in a research report on Monday. Nine research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.
com, the company has an average rating of “Hold” and an average price target of $185.43. View Our Latest Analysis on PepsiCo PepsiCo Company Profile ( Free Report ) PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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. Read More Five stocks we like better than PepsiCo 10 Best Airline Stocks to Buy When Is the Best Time to Invest in Mutual Funds? Stock Market Holidays 2022-2025 – Here’s When the NYSE and NASDAQ Will be Closed Is NVIDIA Stock in a Correction or Consolidation? What Are Dividends? Buy the Best Dividend Stocks 3 Oversold Stocks with Big RSI Rebound Potential Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc.
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