Union Savings Bank Invests $1.03 Million in PepsiCo, Inc. $PEP

Union Savings Bank purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) in the fourth quarter, Holdings Channel.com reports. The institutional investor purchased 7,189 shares of the company’s stock, valued at approximately $1,032,000.

A number of other institutional investors have also recently bought and sold shares of the business. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $26,000. Swiss RE Ltd. bought a new stake in PepsiCo in the 4th quarter valued at $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in PepsiCo during the 4th quarter valued at $29,000. Imprint Wealth LLC acquired a new stake in PepsiCo during the 3rd quarter valued at $31,000. Finally, Strategic Advocates LLC bought a new position in PepsiCo during the third quarter worth $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

Analyst Ratings Changes

Several brokerages recently commented on PEP. TD Cowen reduced their target price on shares of PepsiCo from $165.00 to $150.00 and set a “hold” rating for the company in a report on Friday, June 12th. The Goldman Sachs Group increased their price target on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. BNP Paribas Exane raised their price objective on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Barclays upped their target price on PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research report on Monday, April 20th. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Saturday, April 18th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $167.10.

Check Out Our Latest Stock Analysis on PepsiCo

PepsiCo Price Performance

NASDAQ:PEP opened at $142.02 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm has a market cap of $194.11 billion, a price-to-earnings ratio of 22.30, a P/E/G ratio of 2.57 and a beta of 0.35. The firm’s 50-day simple moving average is $149.90 and its 200 day simple moving average is $152.24. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. During the same quarter in the previous year, the firm posted $1.48 EPS. The business’s revenue for the quarter was up 8.5% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a $1.48 dividend. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date is Friday, June 5th. PepsiCo’s dividend payout ratio is presently 92.94%.

PepsiCo Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

Featured Stories

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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