PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Pacer Advisors Inc.

Pacer Advisors Inc. increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.1% in the second quarter, according to its most recent 13F filing with the SEC. The firm owned 201,035 shares of the company’s stock after purchasing an additional 24,835 shares during the period. Pacer Advisors Inc.’s holdings in PepsiCo were worth $33,157,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in the stock. Skandinaviska Enskilda Banken AB publ increased its stake in PepsiCo by 0.9% in the second quarter. Skandinaviska Enskilda Banken AB publ now owns 276,480 shares of the company’s stock valued at $45,594,000 after purchasing an additional 2,502 shares during the last quarter. Ranch Capital Advisors Inc. raised its holdings in shares of PepsiCo by 2.3% in the second quarter. Ranch Capital Advisors Inc. now owns 8,768 shares of the company’s stock valued at $1,446,000 after buying an additional 200 shares during the last quarter. AE Wealth Management LLC raised its stake in PepsiCo by 23.8% during the 2nd quarter. AE Wealth Management LLC now owns 268,863 shares of the company’s stock valued at $44,344,000 after acquiring an additional 51,649 shares during the last quarter. Waters Parkerson & CO. LLC lifted its holdings in shares of PepsiCo by 0.4% during the second quarter. Waters Parkerson & CO. LLC now owns 204,882 shares of the company’s stock worth $33,791,000 after purchasing an additional 719 shares during the period. Finally, Bridges Investment Management Inc. lifted its stake in shares of PepsiCo by 130.8% in the 2nd quarter. Bridges Investment Management Inc. now owns 218,602 shares of the company’s stock worth $36,054,000 after acquiring an additional 123,907 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $171.18 on Friday. 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’s fifty day moving average price is $173.51 and its 200 day moving average price is $171.81. The company has a market capitalization of $235.13 billion, a price-to-earnings ratio of 24.84, a price-to-earnings-growth ratio of 3.06 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $183.41.

PepsiCo (NASDAQ:PEP) last released 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 return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the previous year, the firm posted $2.09 earnings per share. The company’s revenue was up .8% compared to the same quarter last year. On average, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders 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 yield of 3.17%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. TD Cowen decreased their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. BNP Paribas initiated coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Finally, JPMorgan Chase & Co. cut their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Nine research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Hold” and an average target price 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.