Hennion & Walsh Asset Management Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 14,113 shares of the company’s stock after buying an additional 128 shares during the quarter. Hennion & Walsh Asset Management Inc.’s holdings in PepsiCo were worth $2,470,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC bought a new stake in shares of PepsiCo during the 3rd quarter valued at $656,000. Gotham Asset Management LLC boosted its holdings in shares of PepsiCo by 85.0% during the 3rd quarter. Gotham Asset Management LLC now owns 32,982 shares of the company’s stock valued at $5,588,000 after buying an additional 15,156 shares in the last quarter. SRS Capital Advisors Inc. boosted its holdings in shares of PepsiCo by 22.7% during the 3rd quarter. SRS Capital Advisors Inc. now owns 4,044 shares of the company’s stock valued at $685,000 after buying an additional 748 shares in the last quarter. Insigneo Advisory Services LLC boosted its holdings in shares of PepsiCo by 3.7% during the 3rd quarter. Insigneo Advisory Services LLC now owns 10,197 shares of the company’s stock valued at $1,728,000 after buying an additional 367 shares in the last quarter. Finally, Fairhaven Wealth Management LLC boosted its holdings in shares of PepsiCo by 1.0% during the 3rd quarter. Fairhaven Wealth Management LLC now owns 21,575 shares of the company’s stock valued at $3,656,000 after buying an additional 206 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.
PepsiCo Price Performance
PEP stock traded down $1.33 during midday trading on Friday, hitting $164.93. The company’s stock had a trading volume of 8,756,033 shares, compared to its average volume of 5,392,291. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm has a market capitalization of $226.74 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The company has a 50 day moving average of $173.37 and a two-hundred day moving average of $170.30.
PepsiCo Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 81.50%.
Insider Activity at PepsiCo
In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by insiders.
Analyst Upgrades and Downgrades
A number of brokerages recently issued reports on PEP. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Barclays decreased their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $186.38.
Get Our Latest Research Report on PepsiCo
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.
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