PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lifted by Tempus Wealth Planning LLC

Tempus Wealth Planning LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.5% during the second quarter, Holdings Channel.com reports. The firm owned 7,571 shares of the company’s stock after acquiring an additional 184 shares during the period. Tempus Wealth Planning LLC’s holdings in PepsiCo were worth $1,249,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its holdings in shares of PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after buying an additional 139 shares during the period. V Square Quantitative Management LLC boosted its position in shares of PepsiCo by 1.1% during the 1st quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock valued at $2,870,000 after purchasing an additional 180 shares in the last quarter. Raymond James Financial Services Advisors Inc. raised its holdings in shares of PepsiCo by 4.5% in the 1st quarter. Raymond James Financial Services Advisors Inc. now owns 1,002,267 shares of the company’s stock worth $175,407,000 after purchasing an additional 43,296 shares in the last quarter. Norden Group LLC lifted its stake in PepsiCo by 3,345.6% during the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after purchasing an additional 174,171 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its holdings in PepsiCo by 21.5% during the fourth quarter. Fulton Breakefield Broenniman LLC now owns 93,099 shares of the company’s stock worth $15,812,000 after buying an additional 16,494 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent research reports. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Wells Fargo & Company dropped their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Royal Bank of Canada dropped their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. Finally, Barclays upped their price target on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. Eight investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Stock Up 0.1 %

NASDAQ PEP traded up $0.13 on Friday, reaching $175.87. The stock had a trading volume of 5,283,617 shares, compared to its average volume of 5,466,141. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The business has a 50 day moving average price of $169.18 and a 200 day moving average price of $170.68. 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 capitalization of $241.57 billion, a price-to-earnings ratio of 25.53, a P/E/G ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released 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. The firm had revenue of $22.50 billion for 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 firm’s revenue was up .8% on a year-over-year basis. During the same quarter in the prior year, the company posted $2.09 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business 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 $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.08%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

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.