2 weeks Ago By ABMN Staff
Magnolia Capital Advisors LLC purchased a new stake in shares of PepsiCo, Inc. ( NASDAQ:PEP – Free Report ) during the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor purchased 8,613 shares of the company’s stock, valued at approximately $1,421,000.
Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Flossbach Von Storch AG increased its position in shares of PepsiCo by 67.2% in the first quarter.
Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after purchasing an additional 1,832,385 shares during the last quarter. PineStone Asset Management Inc. increased its position in shares of PepsiCo by 125.
2% in the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after purchasing an additional 1,523,631 shares during the last quarter.
Van ECK Associates Corp increased its position in shares of PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after purchasing an additional 1,179,922 shares during the last quarter.
Confluence Investment Management LLC bought a new position in shares of PepsiCo in the first quarter worth approximately $166,243,000. Finally, Legal & General Group Plc boosted its stake in PepsiCo by 7.2% in the second quarter.
Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after buying an additional 905,468 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.
PepsiCo Price Performance PEP opened at $170.00 on Monday. The stock has a fifty day simple moving average of $173.
77 and a two-hundred day simple moving average of $172.08. The company has a current ratio of 0.
83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.
The company has a market cap of $233.51 billion, a price-to-earnings ratio of 24.67, a price-to-earnings-growth ratio of 2.
93 and a beta of 0.53. PepsiCo, Inc.
has a 12-month low of $155.83 and a 12-month high of $183.41.
PepsiCo Dividend Announcement The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend.
The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.
19%. PepsiCo’s dividend payout ratio (DPR) is 78.66%.
Analyst Ratings Changes PEP has been the subject of several research reports. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price for the company.
in a research note on Friday, September 20th. Bank of America dropped their price objective on PepsiCo from $210.00 to $190.
00 and set a “buy” rating for the company in a research note on Monday, July 8th. Barclays increased their price objective on PepsiCo from $179.00 to $187.
00 and gave the company an “overweight” rating in a research note on Friday, July 19th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company.
in a research note on Friday, July 19th. Finally, Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.
00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Nine research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $185.
53. Check Out Our Latest Stock Report on PepsiCo PepsiCo 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 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. ( NASDAQ:PEP – Free Report ).
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