Silver Lake Advisory LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 791.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,335 shares of the company’s stock after buying an additional 44,691 shares during the quarter. PepsiCo comprises approximately 1.5% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 15th largest holding. Silver Lake Advisory LLC’s holdings in PepsiCo were worth $8,302,000 as of its most recent SEC filing.
Several other hedge funds also recently modified their holdings of PEP. Valued Wealth Advisors LLC grew its stake in 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 acquiring an additional 69 shares during the period. Fortis Group Advisors LLC grew its position in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo during the 1st quarter valued at $35,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $39,000. Institutional investors own 73.07% of the company’s stock.
PepsiCo Price Performance
NASDAQ PEP traded up $0.10 during trading on Friday, reaching $172.62. The company’s stock had a trading volume of 4,614,754 shares, compared to its average volume of 5,492,265. The stock has a market capitalization of $237.11 billion, a PE ratio of 25.05, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The firm has a fifty day moving average of $168.09 and a 200 day moving average of $170.52. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.
PepsiCo Announces Dividend
The firm also recently announced 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 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.
Analyst Ratings Changes
A number of equities analysts have issued reports on PEP shares. Royal Bank of Canada cut their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. TD Cowen cut their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $185.53.
Check Out Our Latest Stock Report on PepsiCo
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.
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