Vanguard Personalized Indexing Management LLC Buys 10,768 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vanguard Personalized Indexing Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.8% during the 2nd quarter, Holdings Channel reports. The firm owned 120,694 shares of the company’s stock after purchasing an additional 10,768 shares during the quarter. Vanguard Personalized Indexing Management LLC’s holdings in PepsiCo were worth $19,610,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Valued Wealth Advisors LLC raised its holdings in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the period. POM Investment Strategies LLC grew its stake in shares of PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. Summit Securities Group LLC bought a new position in shares of PepsiCo in the second quarter valued at $30,000. Fortis Group Advisors LLC boosted its position in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the period. Finally, Kathleen S. Wright Associates Inc. bought a new position in PepsiCo during the first quarter worth $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. Barclays boosted their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Bank of America dropped their price target on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. BNP Paribas assumed coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Royal Bank of Canada lowered their price target on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, Morgan Stanley lowered their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Stock Performance

NASDAQ:PEP opened at $176.87 on Wednesday. The business’s 50-day moving average price is $172.97 and its two-hundred day moving average price is $171.65. 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 twelve month low of $155.83 and a twelve month high of $183.41. The stock has a market cap of $243.16 billion, a P/E ratio of 25.67, a PEG ratio of 3.06 and a beta of 0.53.

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

PepsiCo Announces Dividend

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 given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.06%. PepsiCo’s dividend payout ratio is presently 78.66%.

PepsiCo 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.