First Command Bank raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 41.8% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 9,097 shares of the company’s stock after acquiring an additional 2,682 shares during the quarter. First Command Bank’s holdings in PepsiCo were worth $1,005,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of the business. Highwater Wealth Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Sound Income Strategies LLC lifted its holdings in shares of PepsiCo by 50.8% during the fourth quarter. Sound Income Strategies LLC now owns 597 shares of the company’s stock valued at $66,000 after purchasing an additional 201 shares during the last quarter. Prime Capital Investment Advisors LLC lifted its holdings in shares of PepsiCo by 351.5% during the third quarter. Prime Capital Investment Advisors LLC now owns 903 shares of the company’s stock valued at $101,000 after purchasing an additional 703 shares during the last quarter. WealthTrust Arizona LLC lifted its holdings in shares of PepsiCo by 268.7% during the third quarter. WealthTrust Arizona LLC now owns 1,106 shares of the company’s stock valued at $124,000 after purchasing an additional 806 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of PepsiCo by 196.0% during the third quarter. Patriot Financial Group Insurance Agency LLC now owns 1,119 shares of the company’s stock valued at $125,000 after purchasing an additional 741 shares during the last quarter. 71.93% of the stock is currently owned by institutional investors and hedge funds.
NASDAQ:PEP opened at $115.66 on Friday. The company has a quick ratio of 0.85, a current ratio of 0.99 and a debt-to-equity ratio of 1.94. PepsiCo, Inc. has a 12 month low of $95.94 and a 12 month high of $122.00. The company has a market capitalization of $162.42 billion, a price-to-earnings ratio of 20.43, a P/E/G ratio of 2.95 and a beta of 0.64.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 15th. The company reported $1.49 EPS for the quarter, hitting analysts’ consensus estimates of $1.49. PepsiCo had a net margin of 19.35% and a return on equity of 69.83%. The business had revenue of $19.52 billion during the quarter, compared to the consensus estimate of $19.52 billion. During the same quarter in the previous year, the firm posted $1.31 EPS. The firm’s revenue was up .0% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 5.5 earnings per share for the current year.
The business also recently announced a quarterly dividend, which will be paid on Friday, March 29th. Shareholders of record on Friday, March 1st will be given a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a yield of 3.21%. The ex-dividend date of this dividend is Thursday, February 28th. PepsiCo’s dividend payout ratio (DPR) is presently 65.55%.
In other PepsiCo news, CEO Vivek Sankaran sold 13,000 shares of PepsiCo stock in a transaction that occurred on Thursday, March 7th. The shares were sold at an average price of $117.28, for a total value of $1,524,640.00. Following the completion of the sale, the chief executive officer now owns 90,379 shares of the company’s stock, valued at approximately $10,599,649.12. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Insiders own 0.27% of the company’s stock.
PEP has been the subject of a number of recent analyst reports. Macquarie upgraded shares of PepsiCo from a “neutral” rating to an “outperform” rating and set a $126.00 price objective for the company in a report on Tuesday, February 19th. Gabelli restated a “buy” rating on shares of PepsiCo in a report on Tuesday, February 19th. Zacks Investment Research lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a report on Thursday, February 21st. Morgan Stanley boosted their price objective on shares of PepsiCo from $125.00 to $130.00 and gave the stock an “overweight” rating in a report on Tuesday, February 19th. Finally, ValuEngine lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, January 5th. Three analysts have rated the stock with a sell rating, twelve have issued a hold rating and seven have given a buy rating to the company. The company currently has a consensus rating of “Hold” and a consensus price target of $118.79.
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
See Also: Ex-Dividend
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