Patten Group Inc. decreased its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.3% within the third quarter, in keeping with the corporate in its most up-to-date 13F submitting with the Securities and Change Fee. The institutional investor owned 18,557 shares of the corporate’s inventory after promoting 245 shares in the course of the interval. Patten Group Inc.’s holdings in PepsiCo had been value $3,156,000 as of its most up-to-date SEC submitting.
Different hedge funds have additionally added to or decreased their stakes within the firm. Authorized & Normal Group Plc lifted its holdings in PepsiCo by 7.2% within the second quarter. Authorized & Normal Group Plc now owns 13,547,547 shares of the corporate’s inventory valued at $2,234,400,000 after buying a further 905,468 shares in the course of the interval. Massachusetts Monetary Providers Co. MA boosted its place in shares of PepsiCo by 7.4% in the course of the second quarter. Massachusetts Monetary Providers Co. MA now owns 10,147,530 shares of the corporate’s inventory value $1,673,632,000 after buying a further 700,092 shares over the last quarter. Dimensional Fund Advisors LP elevated its holdings in PepsiCo by 8.2% within the 2nd quarter. Dimensional Fund Advisors LP now owns 7,403,398 shares of the corporate’s inventory valued at $1,221,089,000 after buying a further 561,465 shares over the last quarter. Ameriprise Monetary Inc. lifted its stake in PepsiCo by 1.1% within the 2nd quarter. Ameriprise Monetary Inc. now owns 5,130,517 shares of the corporate’s inventory value $846,030,000 after buying a further 57,322 shares within the final quarter. Lastly, Flossbach Von Storch AG elevated its holdings in shares of PepsiCo by 67.2% within the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the corporate’s inventory value $798,047,000 after buying a further 1,832,385 shares over the last quarter. 73.07% of the inventory is at present owned by hedge funds and different institutional traders.
PepsiCo Buying and selling Up 1.2 %
PepsiCo inventory opened at $172.54 on Thursday. PepsiCo, Inc. has a 52 week low of $157.43 and a 52 week excessive of $183.41. The corporate has a fast ratio of 0.64, a present ratio of 0.83 and a debt-to-equity ratio of 1.87. The corporate has a market capitalization of $237.21 billion, a price-to-earnings ratio of 25.04, a price-to-earnings-growth ratio of three.07 and a beta of 0.53. The inventory has a 50-day transferring common value of $173.63 and a 200 day transferring common value of $172.06.
PepsiCo (NASDAQ:PEP – Get Free Report) final issued its quarterly earnings knowledge on Tuesday, October eighth. The corporate reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. The enterprise had income of $23.32 billion in the course of the quarter, in comparison with analysts’ expectations of $23.86 billion. PepsiCo had a return on fairness of 57.37% and a web margin of 10.34%. The corporate’s income for the quarter was down .6% on a year-over-year foundation. Throughout the identical quarter within the earlier 12 months, the agency posted $2.25 EPS. Promote-side analysts anticipate that PepsiCo, Inc. will put up 8.13 EPS for the present 12 months.
PepsiCo Declares Dividend
The agency additionally not too long ago declared a quarterly dividend, which was paid on Monday, September thirtieth. Shareholders of file on Friday, September sixth got a dividend of $1.355 per share. The ex-dividend date was Friday, September sixth. This represents a $5.42 dividend on an annualized foundation and a yield of three.14%. PepsiCo’s dividend payout ratio is at present 78.66%.
Analyst Scores Adjustments
Plenty of equities analysts have commented on the inventory. Jefferies Monetary Group dropped their value goal on shares of PepsiCo from $210.00 to $200.00 and set a “purchase” score for the corporate in a analysis be aware on Tuesday, July ninth. Royal Financial institution of Canada decreased their value goal on PepsiCo from $177.00 to $176.00 and set a “sector carry out” score on the inventory in a report on Friday, October 4th. DZ Financial institution reduce shares of PepsiCo from a “purchase” score to a “maintain” score and set a $183.00 value goal for the corporate. in a analysis report on Friday, July nineteenth. BNP Paribas began protection on PepsiCo in a analysis report on Monday, June twenty fourth. They issued a “impartial” score and a $174.00 value goal for the corporate. Lastly, StockNews.com upgraded shares of PepsiCo from a “maintain” score to a “purchase” score in a report on Wednesday. Eight funding analysts have rated the inventory with a maintain score and 7 have assigned a purchase score to the inventory. In accordance with MarketBeat.com, the corporate at present has a mean score of “Maintain” and a mean value goal of $184.79.
PepsiCo Profile
PepsiCo, Inc engages within the manufacture, advertising and marketing, distribution, and sale of varied drinks and handy meals worldwide. The corporate operates by way of seven segments: Frito-Lay North America; Quaker Meals North America; PepsiCo Drinks North America; Latin America; Europe; Africa, Center East and South Asia; and Asia Pacific, Australia and New Zealand and China Area.
Learn Extra
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