4,249 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Wedgewood Investors Inc. PA

Wedgewood Investors Inc. PA purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 4,249 shares of the company’s stock, valued at approximately $701,000.

Other institutional investors have also added to or reduced their stakes in the company. Capital Advisors Ltd. LLC raised its stake in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares during the last quarter. V Square Quantitative Management LLC raised its stake in shares of PepsiCo by 1.1% in the first quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock worth $2,870,000 after purchasing an additional 180 shares during the last quarter. Raymond James Financial Services Advisors Inc. raised its stake in shares of PepsiCo by 4.5% in the first quarter. Raymond James Financial Services Advisors Inc. now owns 1,002,267 shares of the company’s stock worth $175,407,000 after purchasing an additional 43,296 shares during the last quarter. Norden Group LLC raised its stake in shares of PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after purchasing an additional 174,171 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC grew its holdings in shares of PepsiCo by 21.5% in the fourth quarter. Fulton Breakefield Broenniman LLC now owns 93,099 shares of the company’s stock valued at $15,812,000 after acquiring an additional 16,494 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.13 during trading hours on Friday, reaching $175.87. The company had a trading volume of 5,283,617 shares, compared to its average volume of 5,466,141. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The business has a fifty day simple moving average of $169.18 and a 200 day simple moving average of $170.68. 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 firm has a market cap of $241.78 billion, a PE ratio of 25.53, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 business posted $2.09 earnings per share. The firm’s revenue was up .8% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors 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 dividend on an annualized basis and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. BNP Paribas assumed coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Bank of America reduced their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a report on Monday, July 8th. Wells Fargo & Company reduced their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Finally, Barclays upped their target price on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and an average target price 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.