AGF Management Ltd. Acquires 6,600 Shares of PepsiCo, Inc. (NASDAQ:PEP)

AGF Management Ltd. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.3% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 70,739 shares of the company’s stock after purchasing an additional 6,600 shares during the period. AGF Management Ltd.’s holdings in PepsiCo were worth $11,667,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. Gilbert & Cook Inc. grew its holdings in shares of PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after acquiring an additional 1,133 shares during the period. Aveo Capital Partners LLC grew its position in shares of PepsiCo by 4.4% in the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares during the period. 9258 Wealth Management LLC increased its stake in shares of PepsiCo by 56.0% in the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares in the last quarter. Gryphon Financial Partners LLC boosted its stake in PepsiCo by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after acquiring an additional 3,635 shares in the last quarter. Finally, Foundations Investment Advisors LLC grew its stake in shares of PepsiCo by 143.5% in the 4th quarter. Foundations Investment Advisors LLC now owns 32,592 shares of the company’s stock worth $5,596,000 after buying an additional 19,205 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $175.78 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The stock has a market capitalization of $241.45 billion, a price-to-earnings ratio of 25.51, a PEG ratio of 3.06 and a beta of 0.53. The business’s fifty day moving average price is $171.82 and its 200-day moving average price is $171.33.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same period last year, the firm posted $2.09 earnings per share. The business’s revenue for the quarter was up .8% on a year-over-year basis. On average, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s payout ratio is presently 78.66%.

Analyst Ratings Changes

Several research firms have commented on PEP. Barclays boosted their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Morgan Stanley cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Royal Bank of Canada decreased their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Finally, DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Company 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.