First Western Capital Management Co Has $4.44 Million Position in Pepsico, Inc. (NYSE:PEP)
First Western Capital Management Co raised its position in shares of Pepsico, Inc. (NYSE:PEP) by 7.9% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,724 shares of the company’s stock after buying an additional 2,901 shares during the period. Pepsico comprises approximately 2.7% of First Western Capital Management Co’s holdings, making the stock its 7th largest position. First Western Capital Management Co’s holdings in Pepsico were worth $4,443,000 at the end of the most recent reporting period.
Other large investors have also made changes to their positions in the company. Norges Bank acquired a new stake in shares of Pepsico during the fourth quarter worth $1,492,411,000. Asset Management One Co. Ltd. raised its stake in shares of Pepsico by 692.2% in the fourth quarter. Asset Management One Co. Ltd. now owns 2,564,260 shares of the company’s stock worth $268,372,000 after buying an additional 2,240,572 shares in the last quarter. Fiera Capital Corp raised its stake in shares of Pepsico by 217.7% in the fourth quarter. Fiera Capital Corp now owns 2,417,934 shares of the company’s stock worth $252,989,000 after buying an additional 1,656,939 shares in the last quarter. Renaissance Technologies LLC raised its stake in shares of Pepsico by 179.5% in the fourth quarter. Renaissance Technologies LLC now owns 2,276,462 shares of the company’s stock worth $238,186,000 after buying an additional 1,462,000 shares in the last quarter. Finally, Bank of Montreal Can raised its stake in shares of Pepsico by 16.6% in the first quarter. Bank of Montreal Can now owns 5,812,519 shares of the company’s stock worth $650,189,000 after buying an additional 827,376 shares in the last quarter. 70.40% of the stock is currently owned by institutional investors.
Pepsico, Inc. (NYSE:PEP) opened at 116.63 on Monday. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $118.24. The firm has a market capitalization of $166.26 billion, a P/E ratio of 24.70 and a beta of 0.67. The company’s 50 day moving average price is $116.09 and its 200 day moving average price is $111.40.
Pepsico (NYSE:PEP) last issued its earnings results on Tuesday, July 11th. The company reported $1.50 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.40 by $0.10. The firm had revenue of $15.71 billion during the quarter, compared to analysts’ expectations of $15.57 billion. Pepsico had a net margin of 10.77% and a return on equity of 59.74%. The firm’s revenue for the quarter was up 2.0% compared to the same quarter last year. During the same period last year, the firm posted $1.35 earnings per share. Analysts anticipate that Pepsico, Inc. will post $5.16 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.76%. The ex-dividend date of this dividend is Wednesday, August 30th. Pepsico’s payout ratio is 68.22%.
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A number of equities research analysts have weighed in on PEP shares. Zacks Investment Research lowered Pepsico from a “hold” rating to a “sell” rating in a report on Tuesday, April 18th. BMO Capital Markets reaffirmed a “buy” rating and issued a $115.00 price objective on shares of Pepsico in a report on Thursday, April 27th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $127.00 price objective on shares of Pepsico in a report on Friday, May 19th. Susquehanna Bancshares Inc raised Pepsico from a “neutral” rating to a “positive” rating and lifted their price objective for the company from $118.00 to $132.00 in a report on Wednesday, April 12th. Finally, Vetr raised Pepsico from a “buy” rating to a “strong-buy” rating and set a $125.54 price objective on the stock in a report on Wednesday, May 3rd. Five research analysts have rated the stock with a hold rating, fourteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $123.04.
Pepsico Company Profile
PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).
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