PepsiCo, Inc. $PEP Shares Acquired by EP Wealth Advisors LLC

EP Wealth Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.0% during the second quarter, HoldingsChannel.com reports. The institutional investor owned 383,709 shares of the company’s stock after acquiring an additional 21,886 shares during the quarter. EP Wealth Advisors LLC’s holdings in PepsiCo were worth $50,665,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Nova Wealth Management Inc. purchased a new stake in PepsiCo during the 1st quarter worth approximately $25,000. Legend Financial Advisors Inc. acquired a new stake in shares of PepsiCo during the second quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC increased its stake in shares of PepsiCo by 107.1% in the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after buying an additional 121 shares during the last quarter. Frazier Financial Advisors LLC raised its holdings in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after acquiring an additional 122 shares in the last quarter. Finally, Howard Hughes Medical Institute bought a new position in PepsiCo during the 2nd quarter valued at $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on PEP shares. The Goldman Sachs Group upped their target price on shares of PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. HSBC boosted their target price on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research note on Friday, October 10th. Rothschild & Co Redburn lifted their price target on shares of PepsiCo from $115.00 to $117.00 and gave the company a “sell” rating in a report on Monday, October 13th. UBS Group reaffirmed a “buy” rating and set a $172.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, Citigroup cut their target price on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating on the stock in a report on Thursday, September 25th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have issued a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $158.35.

PepsiCo Stock Performance

Shares of PEP stock opened at $150.65 on Friday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The business has a 50 day simple moving average of $147.30 and a 200 day simple moving average of $142.22. The firm has a market capitalization of $205.99 billion, a price-to-earnings ratio of 28.64, a price-to-earnings-growth ratio of 5.14 and a beta of 0.42.

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

PepsiCo Dividend Announcement

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 paid a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.8%. PepsiCo’s dividend payout ratio is currently 108.17%.

About PepsiCo

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.