PepsiCo, Inc. (NASDAQ:PEP) Position Boosted by Asset Management Group Inc.

Asset Management Group Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 38,268 shares of the company’s stock after purchasing an additional 2,653 shares during the quarter. PepsiCo accounts for 1.2% of Asset Management Group Inc.’s portfolio, making the stock its 26th largest position. Asset Management Group Inc.’s holdings in PepsiCo were worth $6,312,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. Gilbert & Cook Inc. raised its position in PepsiCo by 23.4% during the fourth quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after acquiring an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC raised its holdings in shares of PepsiCo by 4.4% during the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock valued at $931,000 after purchasing an additional 229 shares in the last quarter. 9258 Wealth Management LLC boosted its holdings in PepsiCo by 56.0% in the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after purchasing an additional 2,974 shares in the last quarter. Gryphon Financial Partners LLC increased its position 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 buying an additional 3,635 shares during the last quarter. Finally, TrinityPoint Wealth LLC raised its holdings in PepsiCo by 2.5% during the fourth quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after buying an additional 332 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 2.0 %

Shares of PEP stock opened at $171.18 on Friday. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The stock has a market cap of $235.13 billion, a P/E ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a fifty day moving average price of $173.51 and a 200 day moving average price of $171.74.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same quarter in the prior year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up .8% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business 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. This represents a $5.42 dividend on an annualized basis and a yield of 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

Analysts Set New Price Targets

A number of research analysts have recently commented on PEP shares. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 target price on the stock. in a research note on Friday. Barclays raised their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Finally, TD Cowen decreased their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research note on Wednesday, July 3rd. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the company 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.