Edgar Lomax Co. VA Sells 7,315 Shares of PepsiCo, Inc. $PEP

Edgar Lomax Co. VA reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 22.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 25,580 shares of the company’s stock after selling 7,315 shares during the quarter. Edgar Lomax Co. VA’s holdings in PepsiCo were worth $3,592,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of PEP. Three Bridge Wealth Advisors LLC raised its position in shares of PepsiCo by 1.8% during the third quarter. Three Bridge Wealth Advisors LLC now owns 3,870 shares of the company’s stock worth $544,000 after acquiring an additional 68 shares during the last quarter. Facet Wealth Inc. raised its holdings in PepsiCo by 3.2% during the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock worth $312,000 after purchasing an additional 69 shares during the last quarter. Hudock Inc. lifted its position in PepsiCo by 1.0% during the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after purchasing an additional 70 shares during the period. Delta Asset Management LLC TN boosted its stake in shares of PepsiCo by 0.6% in the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after purchasing an additional 70 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in shares of PepsiCo by 2.8% during the 3rd quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock worth $366,000 after buying an additional 70 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 2.0%

Shares of PepsiCo stock opened at $160.70 on Friday. The company has a market capitalization of $219.62 billion, a P/E ratio of 26.78, a price-to-earnings-growth ratio of 3.14 and a beta of 0.39. The company has a debt-to-equity ratio of 2.06, a current ratio of 0.85 and a quick ratio of 0.67. The business has a 50-day moving average of $154.73 and a two-hundred day moving average of $149.25. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its quarterly earnings data on Monday, February 2nd. The company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.24 by $0.02. The business had revenue of $29.34 billion during the quarter, compared to analyst estimates of $28.96 billion. PepsiCo had a return on equity of 57.92% and a net margin of 8.77%.PepsiCo’s quarterly revenue was up 5.6% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.96 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo announced that its board has approved a stock buyback plan on Tuesday, February 3rd that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s board believes its stock is undervalued.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, March 31st. Investors of record on Friday, March 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, March 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.5%. PepsiCo’s dividend payout ratio is presently 94.83%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. HSBC increased their price objective on shares of PepsiCo from $152.00 to $175.00 and gave the company a “hold” rating in a report on Thursday, February 5th. Barclays raised their price target on PepsiCo from $148.00 to $160.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. BNP Paribas Exane set a $191.00 price objective on PepsiCo in a report on Wednesday, February 4th. Royal Bank Of Canada increased their target price on PepsiCo from $156.00 to $165.00 and gave the company a “sector perform” rating in a research note on Monday. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, December 27th. Eight analysts have rated the stock with a Buy rating, eleven have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $168.50.

View Our Latest Analysis on PEP

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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