POM Investment Strategies LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

POM Investment Strategies LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 141.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 181 shares of the company’s stock after purchasing an additional 106 shares during the period. POM Investment Strategies LLC’s holdings in PepsiCo were worth $30,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Valued Wealth Advisors LLC boosted its stake in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Fortis Group Advisors LLC boosted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the 1st quarter valued at about $35,000. True Wealth Design LLC lifted its stake in shares of PepsiCo by 812.0% in the fourth quarter. True Wealth Design LLC now owns 228 shares of the company’s stock valued at $39,000 after purchasing an additional 203 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. purchased a new stake in PepsiCo during the fourth quarter worth about $41,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.1 %

PepsiCo stock traded up $0.13 during trading on Friday, reaching $175.87. 5,283,617 shares of the company’s stock were exchanged, compared to its average volume of 5,466,141. The company’s 50-day moving average is $169.18 and its two-hundred day moving average is $170.68. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The firm has a market cap of $241.57 billion, a price-to-earnings ratio of 25.53, a PEG ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the firm posted $2.09 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

Analysts Set New Price Targets

A number of research firms have commented on PEP. TD Cowen decreased their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. BNP Paribas assumed coverage on shares of PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective on the stock. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a report on Friday, July 19th. JPMorgan Chase & Co. dropped their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research note on Friday, July 12th. Finally, Royal Bank of Canada reduced their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $185.53.

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.