Pennsylvania Trust Co raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the second quarter, HoldingsChannel reports. The firm owned 258,479 shares of the company’s stock after purchasing an additional 4,543 shares during the period. PepsiCo makes up approximately 1.3% of Pennsylvania Trust Co’s holdings, making the stock its 17th biggest holding. Pennsylvania Trust Co’s holdings in PepsiCo were worth $28,140,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Wagner Wealth Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $109,000. Well Done LLC bought a new position in shares of PepsiCo during the first quarter valued at about $125,000. Certified Advisory Corp bought a new position in shares of PepsiCo during the fourth quarter valued at about $134,000. Pinnacle Wealth Planning Services Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at about $140,000. Finally, Avestar Capital LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $154,000. Institutional investors and hedge funds own 70.13% of the company’s stock.

NASDAQ PEP opened at $114.96 on Friday. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 3.00. The stock has a market capitalization of $159.63 billion, a P/E ratio of 21.98, a price-to-earnings-growth ratio of 2.66 and a beta of 0.71. PepsiCo, Inc. has a 1 year low of $95.94 and a 1 year high of $122.51.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, July 10th. The company reported $1.61 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.08. The company had revenue of $16.09 billion for the quarter, compared to analysts’ expectations of $16.05 billion. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. PepsiCo’s quarterly revenue was up 2.4% on a year-over-year basis. During the same period last year, the firm earned $1.50 earnings per share. analysts anticipate that PepsiCo, Inc. will post 5.69 EPS for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Shareholders of record on Friday, September 7th will be given a dividend of $0.9275 per share. The ex-dividend date of this dividend is Thursday, September 6th. This represents a $3.71 annualized dividend and a yield of 3.23%. PepsiCo’s payout ratio is 70.94%.

A number of research analysts have recently issued reports on PEP shares. Stifel Nicolaus reduced their price objective on PepsiCo from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. Morgan Stanley raised their price objective on PepsiCo from $123.00 to $127.00 and gave the company a “buy” rating in a research note on Wednesday, July 11th. BidaskClub raised PepsiCo from a “sell” rating to a “hold” rating in a research note on Tuesday, June 12th. Barclays reissued a “hold” rating and issued a $108.00 target price on shares of PepsiCo in a research note on Monday, April 30th. Finally, SunTrust Banks cut their target price on PepsiCo to $105.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. One equities research analyst has rated the stock with a sell rating, twelve have assigned a hold rating and seven have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average price target of $120.35.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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