Pepsico, Inc. (PEP) Holdings Held by Schaper Benz & Wise Investment Counsel Inc. WI
Schaper Benz & Wise Investment Counsel Inc. WI continued to hold its stake in Pepsico, Inc. (NYSE:PEP) during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 10,382 shares of the company’s stock at the close of the 2nd quarter. Schaper Benz & Wise Investment Counsel Inc. WI’s holdings in Pepsico were worth $1,199,000 at the end of the most recent quarter.
A number of other hedge funds have also recently modified their holdings of PEP. Barnett & Company Inc. grew its position in Pepsico by 270.4% in the 2nd quarter. Barnett & Company Inc. now owns 900 shares of the company’s stock worth $104,000 after purchasing an additional 657 shares in the last quarter. Asset Planning Services Ltd. grew its position in Pepsico by 0.3% in the 2nd quarter. Asset Planning Services Ltd. now owns 1,006 shares of the company’s stock worth $116,000 after purchasing an additional 3 shares in the last quarter. Riggs Asset Managment Co. Inc. grew its position in Pepsico by 14.9% in the 1st quarter. Riggs Asset Managment Co. Inc. now owns 1,270 shares of the company’s stock worth $142,000 after purchasing an additional 165 shares in the last quarter. Millie Capital Management LLC bought a new stake in Pepsico in the 1st quarter worth about $202,000. Finally, S. R. Schill & Associates bought a new stake in Pepsico in the 2nd quarter worth about $203,000. 70.50% of the stock is owned by institutional investors and hedge funds.
A number of equities research analysts have issued reports on PEP shares. Zacks Investment Research raised shares of 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. Jefferies Group cut shares of Pepsico from a “buy” rating to a “hold” rating and dropped their target price for the company from $133.00 to $108.00 in a research note on Monday, October 2nd. Credit Suisse Group cut shares of Pepsico from an “outperform” rating to a “neutral” rating and dropped their target price for the company from $126.00 to $124.00 in a research note on Friday, September 8th. BidaskClub upgraded shares of Pepsico from a “hold” rating to a “buy” rating in a research note on Thursday, August 17th. Finally, Royal Bank Of Canada reiterated a “hold” rating and issued a $115.00 target price on shares of Pepsico in a research note on Wednesday, September 6th. Seven research analysts have rated the stock with a hold rating, ten have given a buy rating and one has issued a strong buy rating to the stock. Pepsico has an average rating of “Buy” and a consensus target price of $121.35.
Pepsico, Inc. (PEP) opened at $116.78 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 firm has a market cap of $166,077.84, a PE ratio of 22.81, a price-to-earnings-growth ratio of 3.17 and a beta of 0.68. Pepsico, Inc. has a 52 week low of $99.40 and a 52 week high of $119.39.
Pepsico (NYSE:PEP) last released its earnings results on Wednesday, October 4th. The company reported $1.48 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.43 by $0.05. The firm had revenue of $16.24 billion for the quarter, compared to analysts’ expectations of $16.35 billion. Pepsico had a net margin of 10.97% and a return on equity of 59.68%. The company’s quarterly revenue was up 1.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.40 earnings per share. equities research analysts anticipate that Pepsico, Inc. will post 5.22 EPS for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Monday, January 8th. Investors of record on Friday, December 1st will be paid a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a dividend yield of 2.76%. The ex-dividend date is Thursday, November 30th. Pepsico’s payout ratio is currently 66.53%.
In related news, insider Ramon Laguarta sold 21,449 shares of the company’s stock in a transaction that occurred on Tuesday, October 10th. The shares were sold at an average price of $110.51, for a total transaction of $2,370,328.99. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate 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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