PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by LS Investment Advisors LLC

LS Investment Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the second quarter, Holdings Channel reports. The institutional investor owned 57,700 shares of the company’s stock after acquiring an additional 293 shares during the quarter. PepsiCo makes up approximately 1.5% of LS Investment Advisors LLC’s holdings, making the stock its 25th largest position. LS Investment Advisors LLC’s holdings in PepsiCo were worth $9,516,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the stock. GUNN & Co INVESTMENT MANAGEMENT INC. raised its holdings in PepsiCo by 1,129.9% in the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock worth $39,585,000 after acquiring an additional 214,122 shares during the period. Intact Investment Management Inc. raised its holdings in PepsiCo by 19.0% in the 4th quarter. Intact Investment Management Inc. now owns 46,900 shares of the company’s stock worth $7,965,000 after acquiring an additional 7,500 shares during the period. Unique Wealth Strategies LLC bought a new position in PepsiCo in the 4th quarter worth $318,000. Folger Nolan Fleming Douglas Capital Management Inc. raised its holdings in PepsiCo by 0.6% in the 4th quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,523 shares of the company’s stock worth $16,224,000 after acquiring an additional 567 shares during the period. Finally, Transcend Capital Advisors LLC raised its holdings in PepsiCo by 2.9% in the 4th quarter. Transcend Capital Advisors LLC now owns 27,671 shares of the company’s stock worth $4,700,000 after acquiring an additional 780 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Bank of America decreased their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Jefferies Financial Group decreased their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Tuesday, August 20th. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, July 10th. Finally, Royal Bank of Canada cut their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Eight investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $185.53.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.67 during trading on Tuesday, reaching $175.30. The company had a trading volume of 3,519,746 shares, compared to its average volume of 5,447,823. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The stock has a market cap of $241.00 billion, a PE ratio of 25.44, a PEG ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The business’s 50 day moving average price is $169.55 and its 200-day moving average price is $170.75.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.09 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.09%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of various beverages and convenient foods worldwide. The company operates through seven segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; Africa, Middle East and South Asia; and Asia Pacific, Australia and New Zealand and China Region.