Exencial Wealth Advisors LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 7.4% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 19,663 shares of the company’s stock after purchasing an additional 1,357 shares during the period. Exencial Wealth Advisors LLC’s holdings in PepsiCo were worth $2,141,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors have also bought and sold shares of the company. BlackRock Inc. increased its holdings 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 buying an additional 4,496,990 shares during the last quarter. American Century Companies Inc. increased its holdings in shares of PepsiCo by 51.4% in the first quarter. American Century Companies Inc. now owns 4,429,044 shares of the company’s stock valued at $483,430,000 after purchasing an additional 1,504,144 shares during the last quarter. Millennium Management LLC increased its holdings in shares of PepsiCo by 2,616.0% in the first quarter. Millennium Management LLC now owns 1,447,539 shares of the company’s stock valued at $157,999,000 after purchasing an additional 1,394,243 shares during the last quarter. Cornerstone Wealth Management LLC increased its holdings in shares of PepsiCo by 11,356.2% in the second quarter. Cornerstone Wealth Management LLC now owns 1,174,945 shares of the company’s stock valued at $10,730,000 after purchasing an additional 1,164,689 shares during the last quarter. Finally, Mackay Shields LLC acquired a new position in shares of PepsiCo in the first quarter valued at $87,632,000. Institutional investors own 70.45% of the company’s stock.
PepsiCo stock opened at $106.49 on Monday. The company has a market cap of $158.12 billion, a price-to-earnings ratio of 20.36, a price-to-earnings-growth ratio of 2.63 and a beta of 0.67. PepsiCo, Inc. has a 52-week low of $95.94 and a 52-week high of $122.51. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 3.00.
PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 2nd. The company reported $1.59 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.57 by $0.02. The firm had revenue of $16.49 billion for the quarter, compared to analysts’ expectations of $16.38 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 1.5% compared to the same quarter last year. During the same period in the prior year, the business earned $1.48 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 5.69 EPS for the current year.
The company also recently announced a quarterly dividend, which was paid on Friday, September 28th. Investors of record on Friday, September 7th were issued a $0.9275 dividend. This represents a $3.71 dividend on an annualized basis and a dividend yield of 3.48%. The ex-dividend date was Thursday, September 6th. PepsiCo’s dividend payout ratio is currently 70.94%.
In related news, CEO Laxman Narasimhan sold 5,500 shares of the stock in a transaction on Thursday, October 4th. The stock was sold at an average price of $106.79, for a total value of $587,345.00. Following the transaction, the chief executive officer now directly owns 130,135 shares in the company, valued at approximately $13,897,116.65. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.27% of the stock is owned by company insiders.
A number of equities research analysts have recently issued reports on PEP shares. BidaskClub cut shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Friday, August 31st. Goldman Sachs Group reissued a “sell” rating and issued a $108.00 target price on shares of PepsiCo in a research report on Monday, August 20th. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Tuesday, September 11th. Guggenheim started coverage on shares of PepsiCo in a research report on Thursday, September 13th. They issued a “neutral” rating and a $117.00 target price for the company. Finally, SunTrust Banks boosted their target price on shares of PepsiCo to $110.00 and gave the company a “hold” rating in a research report on Tuesday, July 24th. Two investment analysts have rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company’s stock. The company has a consensus rating of “Hold” and an average target price of $117.89.
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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