PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Boosted by E Fund Management Co. Ltd.

E Fund Management Co. Ltd. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% in the second quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,332 shares of the company’s stock after purchasing an additional 1,243 shares during the quarter. E Fund Management Co. Ltd.’s holdings in PepsiCo were worth $3,353,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its stake in PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares in the last quarter. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at $30,000. Fortis Group Advisors LLC lifted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. acquired a new stake in shares of PepsiCo during the 1st quarter valued at $35,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $176.87 on Wednesday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41. The business has a fifty day simple moving average of $172.97 and a 200 day simple moving average of $171.65. The firm has a market cap of $243.16 billion, a price-to-earnings ratio of 25.67, a P/E/G ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (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 during the quarter, compared to analyst estimates of $22.59 billion. During the same period last year, the company earned $2.09 earnings per share. PepsiCo’s quarterly revenue was up .8% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.06%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

A number of brokerages have recently commented on PEP. Royal Bank of Canada cut their price objective 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. BNP Paribas initiated coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. TD Cowen reduced their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. Finally, Jefferies Financial Group reduced their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. Seven analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $185.53.

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.