Enterprise Financial Services Corp Has $9.05 Million Holdings in PepsiCo, Inc. $PEP

Enterprise Financial Services Corp lowered its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% during the second quarter, Holdings Channel.com reports. The fund owned 68,573 shares of the company’s stock after selling 513 shares during the period. PepsiCo accounts for approximately 4.8% of Enterprise Financial Services Corp’s holdings, making the stock its 5th largest holding. Enterprise Financial Services Corp’s holdings in PepsiCo were worth $9,054,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Claris Advisors LLC MO lifted its position in shares of PepsiCo by 14.1% in the second quarter. Claris Advisors LLC MO now owns 2,490 shares of the company’s stock valued at $329,000 after buying an additional 308 shares during the last quarter. Foster Group Inc. raised its stake in PepsiCo by 4.6% in the 2nd quarter. Foster Group Inc. now owns 5,169 shares of the company’s stock valued at $683,000 after acquiring an additional 229 shares during the period. Merit Financial Group LLC lifted its holdings in PepsiCo by 46.4% during the 2nd quarter. Merit Financial Group LLC now owns 114,344 shares of the company’s stock valued at $15,098,000 after purchasing an additional 36,239 shares during the last quarter. Fulton Bank N.A. boosted its position in PepsiCo by 2.5% during the second quarter. Fulton Bank N.A. now owns 25,309 shares of the company’s stock worth $3,342,000 after purchasing an additional 620 shares during the period. Finally, Naples Global Advisors LLC increased its holdings in shares of PepsiCo by 2.3% in the second quarter. Naples Global Advisors LLC now owns 26,270 shares of the company’s stock valued at $3,469,000 after purchasing an additional 592 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PEP shares. Wells Fargo & Company raised their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research note on Friday, October 10th. Citigroup cut their price objective on shares of PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a research report on Thursday, September 25th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Tuesday, October 21st. Evercore ISI increased their target price on PepsiCo from $150.00 to $152.00 in a research note on Friday, October 10th. Finally, The Goldman Sachs Group boosted their price target on PepsiCo from $165.00 to $167.00 and gave the company a “buy” rating in a research note on Friday, October 10th. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $156.90.

PepsiCo Stock Up 0.2%

NASDAQ PEP opened at $146.33 on Friday. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The company has a market cap of $200.08 billion, a price-to-earnings ratio of 27.82, a PEG ratio of 3.56 and a beta of 0.45. The company has a 50 day moving average of $145.37 and a 200-day moving average of $140.53. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $165.13.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.31 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio is currently 108.17%.

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.