PepsiCo, Inc. (NASDAQ:PEP) Stake Lessened by Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 80.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,152 shares of the company’s stock after selling 12,707 shares during the period. Duff & Phelps Investment Management Co.’s holdings in PepsiCo were worth $520,000 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 the company. Ascent Group LLC boosted its holdings in PepsiCo by 6.4% during the second quarter. Ascent Group LLC now owns 31,284 shares of the company’s stock worth $5,160,000 after buying an additional 1,883 shares in the last quarter. Kathmere Capital Management LLC boosted its stake in shares of PepsiCo by 4.8% during the 2nd quarter. Kathmere Capital Management LLC now owns 10,371 shares of the company’s stock worth $1,710,000 after acquiring an additional 474 shares in the last quarter. Raab & Moskowitz Asset Management LLC raised its position in shares of PepsiCo by 2.5% during the second quarter. Raab & Moskowitz Asset Management LLC now owns 38,329 shares of the company’s stock worth $6,322,000 after purchasing an additional 940 shares during the period. Oliver Lagore Vanvalin Investment Group lifted its holdings in shares of PepsiCo by 13.8% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 6,674 shares of the company’s stock valued at $1,101,000 after purchasing an additional 808 shares during the last quarter. Finally, Susquehanna Fundamental Investments LLC boosted its position in shares of PepsiCo by 9.6% in the 2nd quarter. Susquehanna Fundamental Investments LLC now owns 183,456 shares of the company’s stock valued at $30,257,000 after purchasing an additional 16,018 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have commented on PEP. 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. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Friday, September 20th. TD Cowen cut their target price 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. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Nine investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $170.00 on Monday. The firm has a fifty day moving average price of $173.77 and a two-hundred day moving average price of $172.08. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. 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 company has a market cap of $233.51 billion, a PE ratio of 24.67, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share 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 company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter last year, the firm earned $2.09 EPS. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.19%. PepsiCo’s dividend payout ratio is currently 78.66%.

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.