Caprock Group LLC Buys 11,063 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Caprock Group LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 48.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 33,983 shares of the company’s stock after purchasing an additional 11,063 shares during the quarter. Caprock Group LLC’s holdings in PepsiCo were worth $5,605,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Norges Bank acquired a new position in shares of PepsiCo during the fourth quarter valued at about $2,686,139,000. Flossbach Von Storch AG boosted its stake in PepsiCo by 67.2% during the 1st quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock valued at $798,047,000 after purchasing an additional 1,832,385 shares during the last quarter. PineStone Asset Management Inc. increased its holdings in PepsiCo by 125.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after purchasing an additional 1,523,631 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of PepsiCo by 17.7% in the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares during the last quarter. Finally, Van ECK Associates Corp lifted its holdings in shares of PepsiCo by 429.3% in the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock valued at $254,603,000 after purchasing an additional 1,179,922 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ PEP opened at $177.34 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The business has a 50-day moving average of $170.96 and a 200-day moving average of $171.15. The firm has a market capitalization of $243.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.98 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 announced its earnings results 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. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the business earned $2.09 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business 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 is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.06%. PepsiCo’s payout ratio is 78.66%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of recent analyst reports. Jefferies Financial Group dropped their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Barclays boosted their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. TD Cowen decreased their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Finally, BNP Paribas began coverage on shares of PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus 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.