PepsiCo, Inc. $PEP Shares Acquired by Vaughan David Investments LLC IL

Vaughan David Investments LLC IL grew its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 302,603 shares of the company’s stock after purchasing an additional 3,995 shares during the quarter. Vaughan David Investments LLC IL’s holdings in PepsiCo were worth $43,430,000 as of its most recent SEC filing.

Several other institutional investors have also modified their holdings of the stock. Cypress Capital Management LLC WY boosted its stake in shares of PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock valued at $121,000 after purchasing an additional 64 shares in the last quarter. United Bank boosted its stake in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after purchasing an additional 65 shares in the last quarter. Koa Wealth Management LLC boosted its stake in shares of PepsiCo by 0.9% during the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock valued at $1,149,000 after purchasing an additional 68 shares in the last quarter. Tiemann Investment Advisors LLC boosted its stake in shares of PepsiCo by 4.0% during the third quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock valued at $254,000 after purchasing an additional 70 shares in the last quarter. Finally, Binnacle Investments Inc raised its position in shares of PepsiCo by 33.2% during the second quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the company. TD Cowen raised their price objective on PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $169.00 to $173.00 and gave the stock a “buy” rating in a research report on Friday, April 17th. Sanford C. Bernstein assumed coverage on PepsiCo in a research report on Thursday. They set a “market perform” rating and a $143.00 price objective for the company. Wells Fargo & Company lowered their price objective on PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research report on Friday, June 5th. Finally, HSBC raised their price objective on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $168.25.

View Our Latest Stock Analysis on PepsiCo

PepsiCo News Roundup

Here are the key news stories impacting PepsiCo this week:

PepsiCo Trading Down 0.4%

Shares of PEP stock opened at $143.73 on Friday. The company has a market cap of $196.45 billion, a P/E ratio of 22.56, a PEG ratio of 2.62 and a beta of 0.35. The stock has a 50 day simple moving average of $151.32 and a two-hundred day simple moving average of $152.42. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

PepsiCo (NASDAQ:PEPGet Free Report) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion during the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company posted $1.48 earnings per share. Research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.1%. PepsiCo’s dividend payout ratio is presently 92.94%.

PepsiCo Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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