D.B. Root & Company LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

D.B. Root & Company LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 17.1% during the second quarter, HoldingsChannel.com reports. The firm owned 4,814 shares of the company’s stock after purchasing an additional 702 shares during the period. D.B. Root & Company LLC’s holdings in PepsiCo were worth $794,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of PEP. Matrix Asset Advisors Inc. NY raised its holdings in shares of PepsiCo by 251.9% during the second quarter. Matrix Asset Advisors Inc. NY now owns 30,566 shares of the company’s stock valued at $5,041,000 after acquiring an additional 21,880 shares during the last quarter. Bridge Creek Capital Management LLC raised its holdings in shares of PepsiCo by 1.3% during the second quarter. Bridge Creek Capital Management LLC now owns 37,658 shares of the company’s stock valued at $6,211,000 after acquiring an additional 465 shares during the last quarter. RFG Advisory LLC raised its holdings in shares of PepsiCo by 11.1% during the second quarter. RFG Advisory LLC now owns 18,722 shares of the company’s stock valued at $3,088,000 after acquiring an additional 1,876 shares during the last quarter. Verum Partners LLC raised its holdings in shares of PepsiCo by 7.0% during the second quarter. Verum Partners LLC now owns 1,489 shares of the company’s stock valued at $246,000 after acquiring an additional 97 shares during the last quarter. Finally, Brady Family Wealth LLC raised its holdings in shares of PepsiCo by 1.1% during the second quarter. Brady Family Wealth LLC now owns 40,227 shares of the company’s stock valued at $6,635,000 after acquiring an additional 433 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the company. Jefferies Financial Group reduced their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. JPMorgan Chase & Co. cut their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Wells Fargo & Company cut their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Royal Bank of Canada cut their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Bank of America cut their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Seven equities research 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 has an average rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Trading Down 0.6 %

Shares of PEP traded down $0.97 during midday trading on Monday, hitting $171.42. 3,802,343 shares of the stock were exchanged, compared to its average volume of 5,527,545. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $184.86. The stock has a fifty day simple moving average of $168.09 and a 200 day simple moving average of $170.42. The firm has a market cap of $235.67 billion, a P/E ratio of 24.88, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP) last released 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 return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. During the same period last year, the business posted $2.09 earnings per share. The company’s quarterly revenue was up .8% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued 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 3.16%. PepsiCo’s dividend payout ratio (DPR) is 78.66%.

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.