Fragasso Group Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the second quarter, HoldingsChannel reports. The firm owned 14,063 shares of the company’s stock after acquiring an additional 461 shares during the quarter. Fragasso Group Inc.’s holdings in PepsiCo were worth $1,531,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. BlackRock Inc. lifted its stake in PepsiCo by 5.1% during the first quarter. BlackRock Inc. now owns 92,561,144 shares of the company’s stock worth $10,103,049,000 after purchasing an additional 4,496,990 shares in the last quarter. Schwab Charles Investment Management Inc. lifted its stake in PepsiCo by 8.0% during the first quarter. Schwab Charles Investment Management Inc. now owns 8,772,804 shares of the company’s stock worth $957,552,000 after purchasing an additional 646,645 shares in the last quarter. Amundi Pioneer Asset Management Inc. lifted its stake in PepsiCo by 11.3% during the first quarter. Amundi Pioneer Asset Management Inc. now owns 7,017,904 shares of the company’s stock worth $766,005,000 after purchasing an additional 711,290 shares in the last quarter. Fisher Asset Management LLC lifted its stake in PepsiCo by 3.6% during the second quarter. Fisher Asset Management LLC now owns 6,496,425 shares of the company’s stock worth $707,266,000 after purchasing an additional 227,728 shares in the last quarter. Finally, Sumitomo Mitsui Trust Holdings Inc. lifted its stake in PepsiCo by 5.5% during the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 4,589,020 shares of the company’s stock worth $499,607,000 after purchasing an additional 241,097 shares in the last quarter. Institutional investors own 70.39% of the company’s stock.

PEP has been the topic of a number of research reports. BidaskClub upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Zacks Investment Research cut PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, June 27th. Deutsche Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 price target on the stock. in a research note on Tuesday, July 3rd. TheStreet upgraded PepsiCo from a “c+” rating to a “b-” rating in a research note on Friday, July 6th. Finally, ValuEngine upgraded PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, July 10th. One analyst has rated the stock with a sell rating, twelve have assigned a hold rating and six have given a buy rating to the stock. PepsiCo presently has a consensus rating of “Hold” and an average price target of $119.50.

Shares of NASDAQ PEP opened at $111.97 on Wednesday. The firm has a market capitalization of $162.52 billion, a PE ratio of 21.41, a P/E/G ratio of 2.71 and a beta of 0.67. The company has a debt-to-equity ratio of 3.00, a quick ratio of 1.09 and a current ratio of 1.24. PepsiCo, Inc. has a 12-month low of $95.94 and a 12-month high of $122.51.

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

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 28th. Investors of record on Friday, September 7th will be issued a $0.9275 dividend. This represents a $3.71 annualized dividend and a yield of 3.31%. The ex-dividend date of this dividend is Thursday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 70.94%.

PepsiCo Company 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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