PNC Financial Services Group Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,664,272 shares of the company’s stock after selling 22,650 shares during the quarter. PepsiCo makes up approximately 0.8% of PNC Financial Services Group Inc.’s portfolio, making the stock its 20th largest position. PNC Financial Services Group Inc. owned about 0.34% of PepsiCo worth $842,647,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PEP. Paragon Wealth Strategies LLC acquired a new position in PepsiCo during the 3rd quarter worth about $27,000. Red Tortoise LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Legend Financial Advisors Inc. increased its stake in shares of PepsiCo by 125.7% in the 4th quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its stake in PepsiCo by 604.0% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company’s stock worth $32,000 after purchasing an additional 151 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $38,000. 70.76% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Down 0.0 %
PepsiCo stock traded down $0.01 during mid-day trading on Friday, reaching $191.55. The stock had a trading volume of 1,562,500 shares, compared to its average volume of 4,369,343. The company has a market capitalization of $263.90 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 3.36 and a beta of 0.53. The company has a 50-day moving average price of $186.63 and a two-hundred day moving average price of $178.41. PepsiCo, Inc. has a one year low of $154.86 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $17.85 billion during the quarter, compared to analyst estimates of $17.27 billion. PepsiCo had a net margin of 7.48% and a return on equity of 53.68%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, analysts expect that PepsiCo, Inc. will post 7.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 1st. This is a positive change from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s payout ratio is 96.84%.
Analysts Set New Price Targets
PEP has been the subject of several recent analyst reports. Credit Suisse Group increased their price objective on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. StockNews.com began coverage on PepsiCo in a research report on Thursday. They set a “buy” rating on the stock. JPMorgan Chase & Co. increased their price objective on PepsiCo from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Citigroup began coverage on PepsiCo in a research report on Thursday, February 16th. They set a “neutral” rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on PepsiCo from $187.00 to $196.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $190.25.
Insiders Place Their Bets
In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the sale, the director now owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ramkumar Krishnan sold 16,827 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the transaction, the chief executive officer now owns 49,000 shares in the company, valued at approximately $8,462,300. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.
About PepsiCo
(Get Rating)
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PepsiCo, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PepsiCo wasn’t on the list.
While PepsiCo currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
PNC Financial Services Group Inc. reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 0.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 4,664,272 shares of the company’s stock after selling 22,650 shares during the quarter. PepsiCo makes up approximately 0.8% of PNC Financial Services Group Inc.’s portfolio, making the stock its 20th largest position. PNC Financial Services Group Inc. owned about 0.34% of PepsiCo worth $842,647,000 as of its most recent SEC filing.
Several other institutional investors have also made changes to their positions in PEP. Paragon Wealth Strategies LLC acquired a new position in PepsiCo during the 3rd quarter worth about $27,000. Red Tortoise LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Legend Financial Advisors Inc. increased its stake in shares of PepsiCo by 125.7% in the 4th quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock valued at $30,000 after acquiring an additional 93 shares during the last quarter. CarsonAllaria Wealth Management Ltd. increased its stake in PepsiCo by 604.0% during the 4th quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company’s stock worth $32,000 after purchasing an additional 151 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $38,000. 70.76% of the stock is currently owned by institutional investors and hedge funds.
PepsiCo Stock Down 0.0 %
PepsiCo stock traded down $0.01 during mid-day trading on Friday, reaching $191.55. The stock had a trading volume of 1,562,500 shares, compared to its average volume of 4,369,343. The company has a market capitalization of $263.90 billion, a price-to-earnings ratio of 40.33, a PEG ratio of 3.36 and a beta of 0.53. The company has a 50-day moving average price of $186.63 and a two-hundred day moving average price of $178.41. PepsiCo, Inc. has a one year low of $154.86 and a one year high of $196.88. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.65.
PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The business had revenue of $17.85 billion during the quarter, compared to analyst estimates of $17.27 billion. PepsiCo had a net margin of 7.48% and a return on equity of 53.68%. The company’s revenue was up 10.2% on a year-over-year basis. During the same period last year, the firm posted $1.29 EPS. On average, analysts expect that PepsiCo, Inc. will post 7.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The business also recently announced a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.64%. The ex-dividend date of this dividend is Thursday, June 1st. This is a positive change from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s payout ratio is 96.84%.
Analysts Set New Price Targets
PEP has been the subject of several recent analyst reports. Credit Suisse Group increased their price objective on PepsiCo from $175.00 to $182.00 and gave the company a “neutral” rating in a report on Friday, February 10th. StockNews.com began coverage on PepsiCo in a research report on Thursday. They set a “buy” rating on the stock. JPMorgan Chase & Co. increased their price objective on PepsiCo from $190.00 to $196.00 and gave the stock an “overweight” rating in a research report on Monday, April 17th. Citigroup began coverage on PepsiCo in a research report on Thursday, February 16th. They set a “neutral” rating and a $180.00 price objective on the stock. Finally, Wells Fargo & Company increased their price objective on PepsiCo from $187.00 to $196.00 in a research report on Wednesday, April 26th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo currently has an average rating of “Hold” and an average target price of $190.25.
Insiders Place Their Bets
In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of the business’s stock in a transaction that occurred on Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the transaction, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at $8,462,300. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other PepsiCo news, Director Robert C. Pohlad sold 75,000 shares of the stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the sale, the director now owns 183,929 shares of the company’s stock, valued at approximately $31,722,234.63. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Ramkumar Krishnan sold 16,827 shares of the stock in a transaction dated Tuesday, March 7th. The shares were sold at an average price of $172.70, for a total value of $2,906,022.90. Following the completion of the transaction, the chief executive officer now owns 49,000 shares in the company, valued at approximately $8,462,300. The disclosure for this sale can be found here. Corporate insiders own 0.15% of the company’s stock.
About PepsiCo
(Get Rating)
PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).
Read More
This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.
Before you consider PepsiCo, you’ll want to hear this.
MarketBeat keeps track of Wall Street’s top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on… and PepsiCo wasn’t on the list.
While PepsiCo currently has a “Hold” rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Source: marketbeat.com
