Dowling & Yahnke LLC Has $7.26 Million Holdings in Pepsico, Inc. (PEP)
Dowling & Yahnke LLC lessened its holdings in Pepsico, Inc. (NYSE:PEP) by 1.5% in the second quarter, according to its most recent filing with the SEC. The institutional investor owned 62,839 shares of the company’s stock after selling 982 shares during the period. Dowling & Yahnke LLC’s holdings in Pepsico were worth $7,257,000 as of its most recent SEC filing.
A number of other hedge funds have also modified their holdings of PEP. Schwab Charles Investment Management Inc. grew its position in shares of Pepsico by 3.2% during the second quarter. Schwab Charles Investment Management Inc. now owns 7,781,835 shares of the company’s stock valued at $898,725,000 after purchasing an additional 238,221 shares in the last quarter. Fisher Asset Management LLC grew its position in shares of Pepsico by 5.0% during the second quarter. Fisher Asset Management LLC now owns 5,775,278 shares of the company’s stock valued at $666,987,000 after purchasing an additional 277,607 shares in the last quarter. APG Asset Management N.V. grew its position in shares of Pepsico by 0.9% during the second quarter. APG Asset Management N.V. now owns 5,110,832 shares of the company’s stock valued at $590,250,000 after purchasing an additional 43,100 shares in the last quarter. Pioneer Investment Management Inc. grew its position in shares of Pepsico by 2.1% during the second quarter. Pioneer Investment Management Inc. now owns 4,506,679 shares of the company’s stock valued at $520,476,000 after purchasing an additional 91,851 shares in the last quarter. Finally, Russell Investments Group Ltd. grew its position in shares of Pepsico by 7.9% during the second quarter. Russell Investments Group Ltd. now owns 4,187,858 shares of the company’s stock valued at $483,791,000 after purchasing an additional 306,065 shares in the last quarter. Institutional investors and hedge funds own 70.54% of the company’s stock.
Shares of Pepsico, Inc. (NYSE PEP) opened at $114.68 on Friday. The company has a debt-to-equity ratio of 2.32, a current ratio of 1.35 and a quick ratio of 1.21. The stock has a market cap of $163,870.00, a PE ratio of 22.61, a price-to-earnings-growth ratio of 3.15 and a beta of 0.66. Pepsico, Inc. has a 12 month low of $98.50 and a 12 month high of $119.39.
Pepsico (NYSE:PEP) last announced its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.43 by $0.05. The business had revenue of $16.24 billion during the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The firm’s quarterly revenue was up 1.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.40 earnings per share. equities analysts forecast that Pepsico, Inc. will post 5.22 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Monday, January 8th. Shareholders of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 annualized dividend and a yield of 2.81%. Pepsico’s payout ratio is currently 66.53%.
In other Pepsico news, insider Ramon Laguarta sold 21,449 shares of the firm’s stock in a transaction dated Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.26% of the stock is owned by company insiders.
A number of research analysts have recently weighed in on PEP shares. BidaskClub lowered Pepsico from a “buy” rating to a “hold” rating in a research report on Friday, August 25th. Zacks Investment Research upgraded Pepsico from a “hold” rating to a “buy” rating and set a $132.00 price objective for the company in a research report on Tuesday, August 22nd. Susquehanna Bancshares Inc restated a “buy” rating and set a $135.00 price objective on shares of Pepsico in a research report on Monday, October 2nd. Credit Suisse Group restated a “hold” rating and set a $122.00 price objective (down previously from $124.00) on shares of Pepsico in a research report on Thursday, October 5th. Finally, Royal Bank Of Canada restated a “hold” rating and set a $115.00 price objective on shares of Pepsico in a research report on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating, ten have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $121.35.
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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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