PagnatoKarp Partners LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.4% during the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,719 shares of the company’s stock after buying an additional 701 shares during the quarter. PagnatoKarp Partners LLC’s holdings in PepsiCo were worth $515,000 at the end of the most recent quarter.
Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock. Wagner Wealth Management LLC purchased a new stake in PepsiCo in the 4th quarter valued at about $109,000. Well Done LLC purchased a new stake in shares of PepsiCo in the 1st quarter worth approximately $125,000. Certified Advisory Corp purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $134,000. Pinnacle Wealth Planning Services Inc. purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $140,000. Finally, Avestar Capital LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $154,000. Institutional investors own 70.40% of the company’s stock.
Several equities research analysts have recently weighed in on PEP shares. BidaskClub cut shares of PepsiCo from a “sell” rating to a “strong sell” rating in a research report on Friday, May 4th. Susquehanna Bancshares set a $130.00 target price on shares of PepsiCo and gave the company a “buy” rating in a research report on Friday, May 4th. Zacks Investment Research cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Deutsche Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price for the company. in a research report on Tuesday, July 3rd. Finally, TheStreet upgraded shares of PepsiCo from a “c+” rating to a “b-” rating in a research note on Friday, July 6th. Two investment analysts have rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus target price of $119.67.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, July 10th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.53 by $0.08. The business had revenue of $16.09 billion for the quarter, compared to the consensus estimate of $16.05 billion. PepsiCo had a net margin of 7.14% and a return on equity of 67.06%. The company’s revenue was up 2.4% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. equities analysts expect that PepsiCo, Inc. will post 5.69 EPS for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be given a dividend of $0.9275 per share. The ex-dividend date is Thursday, September 6th. This represents a $3.71 annualized dividend and a dividend yield of 3.31%. PepsiCo’s dividend payout ratio is presently 70.94%.
PepsiCo Company Profile
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.
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