1ST Source Bank Has $12.55 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

1ST Source Bank decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 0.9% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 74,073 shares of the company’s stock after selling 708 shares during the quarter. PepsiCo comprises approximately 0.9% of 1ST Source Bank’s portfolio, making the stock its 21st biggest holding. 1ST Source Bank’s holdings in PepsiCo were worth $12,551,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Mirae Asset Global Investments Co. Ltd. grew its position in PepsiCo by 34.0% in the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares in the last quarter. AMI Investment Management Inc. boosted its position in PepsiCo by 0.7% during the first quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock valued at $2,783,000 after buying an additional 113 shares during the period. Mather Group LLC. boosted its position in PepsiCo by 29.3% during the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after buying an additional 1,262 shares during the period. Wsfs Capital Management LLC boosted its position in PepsiCo by 117.2% during the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after buying an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. boosted its position in PepsiCo by 8.5% during the first quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after buying an additional 2,116 shares during the period. Institutional investors own 71.40% of the company’s stock.

PepsiCo Trading Up 0.9 %

PEP stock traded up $1.43 during trading on Monday, reaching $169.10. The company had a trading volume of 2,729,519 shares, compared to its average volume of 5,546,018. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a market cap of $232.49 billion, a P/E ratio of 25.67, a PEG ratio of 2.50 and a beta of 0.54. The business has a 50 day moving average of $168.53 and a 200 day moving average of $171.04. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The business’s revenue for the quarter was down .6% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.99%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on PEP. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price target for the company from $180.00 to $195.00 in a research report on Monday. Barclays dropped their target price on shares of PepsiCo from $181.00 to $179.00 and set an “overweight” rating for the company in a report on Tuesday, January 16th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Friday. Jefferies Financial Group started coverage on shares of PepsiCo in a report on Monday, November 13th. They set a “buy” rating and a $203.00 target price for the company. Finally, JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and dropped their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.46.

Check Out Our Latest Stock Report on PepsiCo

About PepsiCo

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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