Larson Financial Group LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Larson Financial Group LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.2% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 10,553 shares of the company’s stock after buying an additional 226 shares during the quarter. Larson Financial Group LLC’s holdings in PepsiCo were worth $1,740,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Strategy Asset Managers LLC increased its holdings in shares of PepsiCo by 0.9% in the 1st quarter. Strategy Asset Managers LLC now owns 6,632 shares of the company’s stock valued at $1,161,000 after purchasing an additional 57 shares in the last quarter. Meixler Investment Management Ltd. increased its holdings in PepsiCo by 4.4% in the second quarter. Meixler Investment Management Ltd. now owns 1,383 shares of the company’s stock valued at $228,000 after buying an additional 58 shares in the last quarter. Bank of Stockton lifted its position in shares of PepsiCo by 2.3% during the 2nd quarter. Bank of Stockton now owns 2,716 shares of the company’s stock valued at $448,000 after acquiring an additional 60 shares during the period. Security Financial Services INC. grew its holdings in shares of PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock worth $690,000 after acquiring an additional 61 shares during the period. Finally, Arbor Investment Advisors LLC increased its stake in PepsiCo by 3.6% in the 1st quarter. Arbor Investment Advisors LLC now owns 1,779 shares of the company’s stock valued at $311,000 after purchasing an additional 61 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.6 %

PEP opened at $178.52 on Thursday. The stock has a market capitalization of $245.21 billion, a price-to-earnings ratio of 25.91, a price-to-earnings-growth ratio of 2.98 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month 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 business has a 50-day moving average of $170.45 and a two-hundred day moving average of $171.00.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 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. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.04%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PEP shares. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Bank of America cut their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. TD Cowen lowered their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Barclays lifted their price objective on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Finally, Morgan Stanley lowered their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Seven analysts have rated the stock with a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo 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.