North Point Portfolio Managers Corp OH Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

North Point Portfolio Managers Corp OH grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the second quarter, according to the company in its most recent disclosure with the SEC. The firm owned 72,010 shares of the company’s stock after acquiring an additional 476 shares during the period. PepsiCo comprises approximately 2.1% of North Point Portfolio Managers Corp OH’s investment portfolio, making the stock its 28th biggest position. North Point Portfolio Managers Corp OH’s holdings in PepsiCo were worth $11,877,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of PEP. Oxler Private Wealth LLC grew its position in shares of PepsiCo by 0.8% in the second quarter. Oxler Private Wealth LLC now owns 14,833 shares of the company’s stock valued at $2,446,000 after purchasing an additional 117 shares during the period. Argent Advisors Inc. raised its holdings in shares of PepsiCo by 21.0% during the second quarter. Argent Advisors Inc. now owns 3,761 shares of the company’s stock valued at $620,000 after acquiring an additional 652 shares during the last quarter. WestEnd Advisors LLC lifted its position in shares of PepsiCo by 19.4% in the second quarter. WestEnd Advisors LLC now owns 222,815 shares of the company’s stock valued at $36,749,000 after acquiring an additional 36,153 shares in the last quarter. Braun Stacey Associates Inc. boosted its stake in shares of PepsiCo by 1.5% in the second quarter. Braun Stacey Associates Inc. now owns 100,112 shares of the company’s stock worth $16,512,000 after acquiring an additional 1,461 shares during the last quarter. Finally, Smith Salley Wealth Management increased its position in shares of PepsiCo by 3.3% during the second quarter. Smith Salley Wealth Management now owns 122,898 shares of the company’s stock worth $20,269,000 after purchasing an additional 3,967 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.5 %

PepsiCo stock traded up $0.79 during mid-day trading on Friday, hitting $172.88. The company had a trading volume of 8,677,295 shares, compared to its average volume of 5,453,207. The stock has a market cap of $237.67 billion, a price-to-earnings ratio of 25.09, a PEG ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The business has a fifty day moving average of $169.92 and a 200 day moving average of $170.80.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS 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 firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same period last year, the business earned $2.09 EPS. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.14%. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Street Analyst Weigh In

Several equities research analysts have issued reports on PEP shares. Royal Bank of Canada lowered 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 note on Friday, July 12th. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday. Finally, Wells Fargo & Company reduced their price objective on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $185.53.

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.