7,153 Shares in PepsiCo, Inc. $PEP Acquired by Neo Ivy Capital Management

Neo Ivy Capital Management purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm purchased 7,153 shares of the company’s stock, valued at approximately $944,000.

Other large investors have also modified their holdings of the company. Claris Advisors LLC MO increased its stake in PepsiCo by 14.1% in the 2nd quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after purchasing an additional 308 shares in the last quarter. Foster Group Inc. grew its holdings in PepsiCo by 4.6% in the second quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after purchasing an additional 229 shares during the last quarter. Merit Financial Group LLC increased its position in shares of PepsiCo by 46.4% in the second quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after buying an additional 36,239 shares in the last quarter. Fulton Bank N.A. increased its position in shares of PepsiCo by 2.5% in the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock valued at $3,342,000 after buying an additional 620 shares in the last quarter. Finally, Naples Global Advisors LLC raised its stake in shares of PepsiCo by 2.3% during the 2nd quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock worth $3,469,000 after buying an additional 592 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $146.33 on Friday. The firm has a market capitalization of $200.08 billion, a price-to-earnings ratio of 27.82, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a 50 day moving average price of $145.37 and a 200 day moving average price of $140.46. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $165.13. The company has a debt-to-equity ratio of 2.26, a quick ratio of 0.72 and a current ratio of 0.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The business had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same period in the prior year, the firm posted $2.31 EPS. The business’s revenue for the quarter was up 2.7% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s dividend payout ratio is 108.17%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on PEP shares. Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a report on Friday, October 10th. Citigroup reduced their target price on PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a research note on Thursday, September 25th. UBS Group cut their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating for the company in a report on Thursday, September 11th. HSBC increased their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Finally, Bank of America raised their price target on shares of PepsiCo from $150.00 to $155.00 and gave the stock a “neutral” rating in a research note on Friday, October 10th. Seven analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $156.90.

PepsiCo Company Profile

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.