1 week Ago By ABMN Staff
Synergy Asset Management LLC decreased its position in shares of PepsiCo, Inc. ( NASDAQ:PEP – Free Report ) by 31.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC).
The firm owned 1,222 shares of the company’s stock after selling 573 shares during the period. Synergy Asset Management LLC’s holdings in PepsiCo were worth $202,000 at the end of the most recent reporting period. A number of other institutional investors have also recently added to or reduced their stakes in PEP.
Valued Wealth Advisors LLC boosted its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter.
POM Investment Strategies LLC boosted its stake in PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter.
Summit Securities Group LLC acquired a new position in PepsiCo during the 2nd quarter worth $30,000. Fortis Group Advisors LLC increased its position in shares of PepsiCo by 100.0% in the 4th quarter.
Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc.
bought a new position in shares of PepsiCo during the first quarter worth about $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.
Analyst Ratings Changes PEP has been the subject of several research analyst reports. Morgan Stanley lowered their price objective on PepsiCo from $190.00 to $185.
00 and set an “overweight” rating for the company in a report on Friday, July 12th. TD Cowen dropped their price target on PepsiCo from $200.00 to $190.
00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Jefferies Financial Group decreased their price objective on shares of PepsiCo from $210.00 to $200.
00 and set a “buy” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $184.
00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Wells Fargo & Company dropped their price objective on shares of PepsiCo from $175.
00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock.
According to data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $185.53. PepsiCo Price Performance Shares of NASDAQ PEP opened at $177.
34 on Friday. The stock has a market cap of $243.59 billion, a P/E ratio of 25.
74, a P/E/G ratio of 2.98 and a beta of 0.53.
The firm’s 50-day simple moving average is $170.96 and its 200 day simple moving average is $171.13.
PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.
41. The company has a quick ratio of 0.64, a current ratio of 0.
83 and a debt-to-equity ratio of 1.87. PepsiCo ( NASDAQ:PEP – Get Free Report ) last issued its quarterly earnings results on Thursday, July 11th.
The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.
12. PepsiCo had a net margin of 10.34% and a return on equity of 57.
37%. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.
59 billion. During the same period in the prior year, the business posted $2.09 EPS.
The business’s revenue for the quarter was up .8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc.
will post 8.15 EPS for the current year. PepsiCo Announces Dividend The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th.
Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th.
This represents a $5.42 annualized dividend and a dividend yield of 3.06%.
PepsiCo’s dividend payout ratio (DPR) is 78.66%. 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. See Also Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter .
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