Oppenheimer Asset Management Inc. Has $12.67 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Oppenheimer Asset Management Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 20.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 76,818 shares of the company’s stock after acquiring an additional 13,134 shares during the quarter. Oppenheimer Asset Management Inc.’s holdings in PepsiCo were worth $12,670,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Gilbert & Cook Inc. increased its holdings in PepsiCo by 23.4% during the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after purchasing an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC lifted its position in PepsiCo by 4.4% during the 4th quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after buying an additional 229 shares in the last quarter. 9258 Wealth Management LLC grew its holdings in PepsiCo by 56.0% during the 4th quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares during the last quarter. Gryphon Financial Partners LLC raised its stake in shares of PepsiCo by 81.3% in the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock worth $1,357,000 after acquiring an additional 3,635 shares during the last quarter. Finally, Level Four Advisory Services LLC grew its stake in shares of PepsiCo by 23.6% during the fourth quarter. Level Four Advisory Services LLC now owns 23,963 shares of the company’s stock valued at $4,070,000 after purchasing an additional 4,570 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several research reports. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Barclays lifted their price target on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Bank of America reduced their price target on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Trading Up 0.1 %

Shares of NASDAQ:PEP opened at $177.36 on Friday. The stock has a market capitalization of $243.62 billion, a PE ratio of 25.74, a price-to-earnings-growth ratio of 3.03 and a beta of 0.53. The company’s 50-day moving average price is $172.37 and its two-hundred day moving average price is $171.45. 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, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same period last year, the company earned $2.09 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

About PepsiCo

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.