Searle & CO. Has $7.18 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Searle & CO. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 43,555 shares of the company’s stock after buying an additional 543 shares during the period. PepsiCo accounts for approximately 1.7% of Searle & CO.’s investment portfolio, making the stock its 13th biggest position. Searle & CO.’s holdings in PepsiCo were worth $7,183,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in PEP. Capital Advisors Ltd. LLC boosted its position in PepsiCo by 3.6% during the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after purchasing an additional 139 shares during the period. V Square Quantitative Management LLC boosted its position in PepsiCo by 1.1% during the first quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock worth $2,870,000 after purchasing an additional 180 shares during the period. Norden Group LLC boosted its position in PepsiCo by 3,345.6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after purchasing an additional 174,171 shares during the period. Victory Capital Management Inc. boosted its position in PepsiCo by 7.0% during the fourth quarter. Victory Capital Management Inc. now owns 2,198,304 shares of the company’s stock worth $373,360,000 after purchasing an additional 143,103 shares during the period. Finally, Marion Wealth Management boosted its position in PepsiCo by 6.3% during the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after purchasing an additional 494 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

NASDAQ PEP traded up $0.79 during trading on Friday, hitting $172.88. 8,677,312 shares of the company’s stock were exchanged, compared to its average volume of 5,453,207. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The company has a market cap of $237.67 billion, a PE ratio of 25.09, a P/E/G ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $183.41. The stock’s 50 day moving average price is $169.92 and its two-hundred day moving average price is $170.80.

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

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

A number of equities research analysts have recently issued reports on the stock. TD Cowen reduced their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Bank of America reduced their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Royal Bank of Canada reduced their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus 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.