GABELLI & Co INVESTMENT ADVISERS INC. Has $1,155,000 Stake in Pepsico, Inc. (PEP)
GABELLI & Co INVESTMENT ADVISERS INC. maintained its position in shares of Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,000 shares of the company’s stock at the end of the 2nd quarter. GABELLI & Co INVESTMENT ADVISERS INC.’s holdings in Pepsico were worth $1,155,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. New Jersey Better Educational Savings Trust purchased a new stake in shares of Pepsico in the first quarter valued at $783,000. First Western Capital Management Co lifted its holdings in shares of Pepsico by 7.9% in the first quarter. First Western Capital Management Co now owns 39,724 shares of the company’s stock valued at $4,443,000 after purchasing an additional 2,901 shares in the last quarter. Supplemental Annuity Collective Trust of NJ lifted its holdings in shares of Pepsico by 23.7% in the first quarter. Supplemental Annuity Collective Trust of NJ now owns 24,000 shares of the company’s stock valued at $2,685,000 after purchasing an additional 4,603 shares in the last quarter. Paragon Capital Management Ltd purchased a new stake in shares of Pepsico in the first quarter valued at $889,000. Finally, Parsec Financial Management Inc. lifted its holdings in shares of Pepsico by 2.7% in the first quarter. Parsec Financial Management Inc. now owns 183,302 shares of the company’s stock valued at $20,504,000 after purchasing an additional 4,823 shares in the last quarter. 70.21% of the stock is owned by institutional investors and hedge funds.
PEP has been the subject of a number of research analyst reports. Cowen and Company restated a “buy” rating on shares of Pepsico in a report on Sunday, September 17th. 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 report on Tuesday, August 22nd. BidaskClub upgraded Pepsico from a “hold” rating to a “buy” rating in a report on Thursday, August 17th. Susquehanna Bancshares Inc reiterated a “buy” rating and set a $135.00 price objective on shares of Pepsico in a report on Monday, October 2nd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $122.00 price objective (down from $125.00) on shares of Pepsico in a report on Friday, October 6th. Seven equities research analysts have rated the stock with a hold rating, ten have given a buy rating and one has assigned a strong buy rating to the company. Pepsico currently has a consensus rating of “Buy” and an average target price of $121.35.
Shares of Pepsico, Inc. (NYSE:PEP) opened at $114.91 on Tuesday. The company has a debt-to-equity ratio of 2.32, a quick ratio of 1.21 and a current ratio of 1.35. The firm has a market capitalization of $163,250.00, a P/E ratio of 22.40, a price-to-earnings-growth ratio of 3.12 and a beta of 0.66. Pepsico, Inc. has a 1-year low of $98.50 and a 1-year high of $119.39.
Pepsico (NYSE:PEP) last released its quarterly earnings data on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating analysts’ consensus estimates of $1.43 by $0.05. The company had revenue of $16.24 billion for the quarter, compared to the consensus estimate of $16.35 billion. Pepsico had a return on equity of 59.68% and a net margin of 10.97%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.40 earnings per share. equities research analysts predict that Pepsico, Inc. will post 5.22 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Monday, January 8th. Stockholders of record on Friday, December 1st will be paid a $0.805 dividend. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.80%. The ex-dividend date is Thursday, November 30th. Pepsico’s dividend payout ratio (DPR) is currently 66.53%.
In other news, insider Ramon Laguarta sold 21,449 shares of Pepsico stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total value of $2,370,328.99. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.26% of the company’s stock.
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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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