Pepsico, Inc. (NYSE:PEP).
Gateway Investment Advisers LLC reports that it decreased its ownership in Pepsico, Inc. stock by 47,321 shares as reported in a filing on 07/12/2017. Its position was worth $106,020,000 a decrease of 1.8% as of the end of the quarter.
The following firms have also recently changed their position in PEP. As of the end of the quarter Vontobel Asset Management Inc had bought 153,824 shares growing its position 39.3%. The value of the company’s investment in Pepsico, Inc. increased from $43,810,000 to $62,995,000 a change of 43.8% since the last quarter. As of quarter end Pennsylvania Trust Co had acquired a total of 42,776 shares growing its stake by 20.8%. The value of the investment in (PEP) went from $23,050,000 to $28,738,000 a change of $5,688,000 quarter over quarter.
Narwhal Capital Management expanded its ownership by buying 4,540 shares an increase of 15.9%. Narwhal Capital Management now controls 33,020 shares valued at $3,813,000. The total value of its holdings increased 19.7%.
On June 7 the company was downgraded from “” to “Market Perform” and a price target of $120.00 was set in a statement from BMO Capital. October 3 investment analysts at Citigroup maintained a company rating of “Neutral” but raised the price target to $115.00 from $110.00.
On September 30 Jefferies left the company rating at “Buy” and raised the price expectation from $109.00 to $122.00. On June 29 Goldman Sachs held the company rating at “Neutral” but moved down the price target to $104.00 from $105.00.
On April 19 JP Morgan held the stock rating at “Overweight” and moved up the price target to $112.00 from $110.00. April 19 investment analysts at Barclays made no change to the stock rating of “Overweight” but raised the price expectation to $115.00 from $105.00.
The company is so far trading up by 0.77 percent from yesterday’s close. Pepsico, Inc. also recently declared a dividend that was paid on Friday June 30th, 2017. The dividend payment was $0.805 per share for the quarter which is $3.22 annualized. The dividend yield was $2.79. The ex-dividend date was set for Wednesday the 31st of May 2017.
The stock is trading at $114.62 a bit lower than $116.14, the 50 day moving average and marginally over the 200 day moving average of $110.39. The 50 day moving average moved down $-2.40 and the 200 day average went up by +3.03%.
The company’s P/E ratio is 24.51 and the market value is 162.48B. In the last earnings report the EPS was $4.64 and is expected to be $5.14 for the current year with 1,428,501,000 shares presently outstanding. Analysts expect next quarter’s EPS will be $1.31 and the next full year EPS is anticipated to be $5.56.