Montag A & Associates Inc. Has $15.07 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Montag A & Associates Inc. lessened its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.1% in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 88,937 shares of the company’s stock after selling 1,001 shares during the period. PepsiCo accounts for about 1.0% of Montag A & Associates Inc.’s portfolio, making the stock its 23rd biggest holding. Montag A & Associates Inc.’s holdings in PepsiCo were worth $15,069,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in PEP. Mirae Asset Global Investments Co. Ltd. grew its holdings in shares of PepsiCo by 34.0% during the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares during the period. AMI Investment Management Inc. raised its holdings in PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after purchasing an additional 113 shares during the period. Mather Group LLC. increased its stake in PepsiCo by 29.3% in the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after buying an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC increased its stake in PepsiCo by 117.2% in the 1st quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after buying an additional 1,616 shares in the last quarter. Finally, Equitable Holdings Inc. increased its stake in PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after buying an additional 2,116 shares in the last quarter. Institutional investors own 71.40% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded up $2.42 during trading hours on Monday, hitting $170.09. The company had a trading volume of 4,366,773 shares, compared to its average volume of 5,604,892. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The firm has a 50 day simple moving average of $168.53 and a 200 day simple moving average of $171.04. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The firm has a market capitalization of $233.85 billion, a price-to-earnings ratio of 25.67, a PEG ratio of 2.50 and a beta of 0.54.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. During the same period last year, the company earned $1.67 EPS. PepsiCo’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.97%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their price target for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Barclays reduced their price objective on shares of PepsiCo from $181.00 to $179.00 and set an “overweight” rating on the stock in a report on Tuesday, January 16th. Jefferies Financial Group assumed coverage on shares of PepsiCo in a research report on Monday, November 13th. They set a “buy” rating and a $203.00 price objective on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday. Finally, DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price target on the stock in a report on Thursday, October 19th. Six analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.46.

Get Our Latest Analysis on PepsiCo

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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