Cape ANN Savings Bank bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 16,053 shares of the company’s stock, valued at approximately $1,859,000. PepsiCo accounts for approximately 2.3% of Cape ANN Savings Bank’s portfolio, making the stock its 14th biggest holding.

A number of other institutional investors have also added to or reduced their stakes in PEP. HC Financial Advisors Inc. bought a new position in PepsiCo during the 4th quarter worth $1,040,000. Norinchukin Bank The raised its position in PepsiCo by 2.9% during the 4th quarter. Norinchukin Bank The now owns 248,504 shares of the company’s stock worth $29,801,000 after purchasing an additional 6,973 shares during the last quarter. Timber Hill LLC raised its position in PepsiCo by 1,466.0% during the 4th quarter. Timber Hill LLC now owns 74,933 shares of the company’s stock worth $8,986,000 after purchasing an additional 70,148 shares during the last quarter. Alexandria Capital LLC raised its position in PepsiCo by 116.5% during the 4th quarter. Alexandria Capital LLC now owns 8,692 shares of the company’s stock worth $1,042,000 after purchasing an additional 4,677 shares during the last quarter. Finally, Mission Wealth Management LP raised its position in PepsiCo by 21.1% during the 4th quarter. Mission Wealth Management LP now owns 14,282 shares of the company’s stock worth $1,713,000 after purchasing an additional 2,491 shares during the last quarter. 70.49% of the stock is owned by institutional investors.

Shares of PepsiCo stock opened at $111.00 on Wednesday. The company has a debt-to-equity ratio of 3.00, a current ratio of 1.24 and a quick ratio of 1.09. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The stock has a market cap of $158.42 billion, a price-to-earnings ratio of 21.22, a price-to-earnings-growth ratio of 2.64 and a beta of 0.67.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, July 10th. The company reported $1.61 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.53 by $0.08. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The firm had revenue of $16.09 billion during the quarter, compared to the consensus estimate of $16.05 billion. During the same period last year, the business posted $1.50 EPS. The business’s revenue was up 2.4% compared to the same quarter last year. sell-side analysts forecast that PepsiCo, Inc. will post 5.69 earnings per share for the current year.

The firm also recently declared a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be issued a dividend of $0.9275 per share. The ex-dividend date is Thursday, September 6th. This represents a $3.71 dividend on an annualized basis and a yield of 3.34%. PepsiCo’s payout ratio is currently 70.94%.

Several brokerages recently issued reports on PEP. BidaskClub lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, August 23rd. ValuEngine raised PepsiCo from a “sell” rating to a “hold” rating in a research report on Tuesday, July 10th. Deutsche Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price for the company. in a research report on Tuesday, July 3rd. Zacks Investment Research lowered PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, June 27th. Finally, TheStreet raised PepsiCo from a “c+” rating to a “b-” rating in a research report on Friday, July 6th. Two equities research analysts have rated the stock with a sell rating, twelve have issued a hold rating and six have issued a buy rating to the stock. PepsiCo currently has an average rating of “Hold” and a consensus target price of $120.00.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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