Joule Financial LLC Purchases 144 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Joule Financial LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.7% in the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 2,659 shares of the company’s stock after purchasing an additional 144 shares during the period. Joule Financial LLC’s holdings in PepsiCo were worth $439,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Tennessee Valley Asset Management Partners lifted its position in PepsiCo by 7.9% in the fourth quarter. Tennessee Valley Asset Management Partners now owns 2,307 shares of the company’s stock worth $392,000 after buying an additional 169 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd grew its holdings in PepsiCo by 42.5% during the fourth quarter. OVERSEA CHINESE BANKING Corp Ltd now owns 4,345 shares of the company’s stock worth $738,000 after acquiring an additional 1,296 shares during the period. Capital Investment Advisory Services LLC grew its position in shares of PepsiCo by 2.8% during the 4th quarter. Capital Investment Advisory Services LLC now owns 8,766 shares of the company’s stock valued at $1,489,000 after acquiring an additional 235 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. increased its position in shares of PepsiCo by 1,129.9% in the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock valued at $39,585,000 after buying an additional 214,122 shares in the last quarter. Finally, Diversified LLC raised its position in PepsiCo by 11.1% during the fourth quarter. Diversified LLC now owns 4,665 shares of the company’s stock worth $792,000 after acquiring an additional 467 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock traded up $0.53 on Thursday, hitting $175.74. The company had a trading volume of 5,265,881 shares, compared to its average volume of 5,467,532. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a market cap of $241.39 billion, a PE ratio of 25.51, a PEG ratio of 2.98 and a beta of 0.52. The business has a 50-day simple moving average of $168.69 and a 200-day simple moving average of $170.62. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.08%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Bank of America decreased their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Jefferies Financial Group lowered their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Barclays raised their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Eight analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $185.53.

PepsiCo 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.