PepsiCo, Inc. (NASDAQ:PEP) is Peterson Wealth Management’s 7th Largest Position

Peterson Wealth Management lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 34,538 shares of the company’s stock after selling 163 shares during the period. PepsiCo makes up approximately 3.5% of Peterson Wealth Management’s investment portfolio, making the stock its 7th largest position. Peterson Wealth Management’s holdings in PepsiCo were worth $5,696,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in PEP. Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter worth $2,686,139,000. Franklin Resources Inc. grew its stake in shares of PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after acquiring an additional 1,345,065 shares in the last quarter. Massachusetts Financial Services Co. MA grew its stake in shares of PepsiCo by 15.1% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after acquiring an additional 1,105,127 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of PepsiCo by 6.0% in the fourth quarter. Dimensional Fund Advisors LP now owns 6,644,059 shares of the company’s stock worth $1,128,413,000 after acquiring an additional 375,963 shares in the last quarter. Finally, Stifel Financial Corp grew its stake in shares of PepsiCo by 15.7% in the fourth quarter. Stifel Financial Corp now owns 5,121,600 shares of the company’s stock worth $869,869,000 after acquiring an additional 693,873 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. Jefferies Financial Group lowered their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. DZ Bank downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research note on Friday, July 19th. JPMorgan Chase & Co. reduced their price target 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. 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 report on Wednesday, July 10th. Finally, BNP Paribas began coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Seven investment analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Trading Up 0.4 %

Shares of PEP opened at $179.30 on Friday. 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 firm’s 50-day moving average is $170.71 and its two-hundred day moving average is $171.06. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41. The firm has a market capitalization of $246.28 billion, a P/E ratio of 26.02, a PEG ratio of 2.98 and a beta of 0.53.

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

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. PepsiCo’s dividend payout ratio is presently 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.