PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by Accredited Investors Inc.

Accredited Investors Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.4% in the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 10,474 shares of the company’s stock after purchasing an additional 242 shares during the quarter. Accredited Investors Inc.’s holdings in PepsiCo were worth $1,728,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Tennessee Valley Asset Management Partners increased its holdings in shares of PepsiCo by 7.9% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 2,307 shares of the company’s stock valued at $392,000 after purchasing an additional 169 shares in the last quarter. Ninety One UK Ltd boosted its stake in shares of PepsiCo by 0.8% during the fourth quarter. Ninety One UK Ltd now owns 260,498 shares of the company’s stock valued at $44,243,000 after purchasing an additional 2,130 shares in the last quarter. Western Wealth Management LLC lifted its stake in shares of PepsiCo by 3.0% in the 4th quarter. Western Wealth Management LLC now owns 16,280 shares of the company’s stock valued at $2,765,000 after purchasing an additional 472 shares during the period. Lafayette Investments Inc. grew its holdings in shares of PepsiCo by 9.9% during the fourth quarter. Lafayette Investments Inc. now owns 39,264 shares of the company’s stock valued at $6,669,000 after buying an additional 3,553 shares during the last quarter. Finally, HTLF Bank purchased a new stake in shares of PepsiCo in the fourth quarter worth about $3,372,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley lowered their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Royal Bank of Canada decreased their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Finally, TD Cowen cut their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Stock Up 0.7 %

PEP traded up $1.20 on Monday, hitting $173.82. 3,340,218 shares of the company were exchanged, compared to its average volume of 5,479,042. The company has a market cap of $238.75 billion, a PE ratio of 25.23, a PEG ratio of 3.00 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The stock’s fifty day moving average is $168.24 and its 200-day moving average is $170.55.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Equities research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.12%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

PepsiCo 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.