PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Boston Research & Management Inc.

Boston Research & Management Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% during the second quarter, Holdings Channel reports. The firm owned 32,468 shares of the company’s stock after buying an additional 721 shares during the period. PepsiCo comprises about 1.4% of Boston Research & Management Inc.’s holdings, making the stock its 28th largest position. Boston Research & Management Inc.’s holdings in PepsiCo were worth $5,355,000 as of its most recent SEC filing.

Other hedge funds have also made changes to their positions in the company. Sei Investments Co. grew its holdings in PepsiCo by 2.8% in the 2nd quarter. Sei Investments Co. now owns 389,241 shares of the company’s stock worth $64,186,000 after buying an additional 10,547 shares in the last quarter. Pacer Advisors Inc. increased its holdings in shares of PepsiCo by 14.1% during the second quarter. Pacer Advisors Inc. now owns 201,035 shares of the company’s stock valued at $33,157,000 after purchasing an additional 24,835 shares during the period. Skandinaviska Enskilda Banken AB publ raised its stake in shares of PepsiCo by 0.9% during the second quarter. Skandinaviska Enskilda Banken AB publ now owns 276,480 shares of the company’s stock valued at $45,594,000 after purchasing an additional 2,502 shares in the last quarter. Ranch Capital Advisors Inc. grew its position in PepsiCo by 2.3% in the 2nd quarter. Ranch Capital Advisors Inc. now owns 8,768 shares of the company’s stock valued at $1,446,000 after buying an additional 200 shares in the last quarter. Finally, AE Wealth Management LLC raised its position in shares of PepsiCo by 23.8% during the 2nd quarter. AE Wealth Management LLC now owns 268,863 shares of the company’s stock worth $44,344,000 after buying an additional 51,649 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 2.0 %

PepsiCo stock opened at $171.18 on Friday. The company has a market capitalization of $235.13 billion, a P/E ratio of 24.84, a P/E/G ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The firm’s fifty day simple moving average is $173.51 and its 200-day simple moving average is $171.74. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating 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 company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter last year, the company posted $2.09 earnings per share. The company’s revenue for the quarter was up .8% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.17%. PepsiCo’s payout ratio is 78.66%.

Analyst Ratings Changes

PEP has been the topic of a number of recent analyst reports. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. 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 research note on Friday, July 19th. JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research report on Friday. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Friday. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus price target of $185.53.

About PepsiCo

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.