Bard Financial Services Inc. Has $5.42 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bard Monetary Companies Inc. minimize its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 55.4% in the course of the third quarter, based on the corporate in its most up-to-date 13F submitting with the Securities and Trade Fee (SEC). The fund owned 31,850 shares of the corporate’s inventory after promoting 39,618 shares in the course of the interval. PepsiCo contains roughly 1.1% of Bard Monetary Companies Inc.’s holdings, making the inventory its twenty second largest holding. Bard Monetary Companies Inc.’s holdings in PepsiCo have been value $5,416,000 on the finish of the latest quarter.

Different hedge funds and different institutional traders additionally not too long ago made modifications to their positions within the firm. Valued Wealth Advisors LLC boosted its place in PepsiCo by 77.5% in the course of the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the corporate’s inventory valued at $28,000 after buying an extra 69 shares over the last quarter. World Wealth Methods & Associates grew its stake in shares of PepsiCo by 59.0% within the third quarter. World Wealth Methods & Associates now owns 159 shares of the corporate’s inventory valued at $27,000 after buying an extra 59 shares within the final quarter. POM Funding Methods LLC raised its place in shares of PepsiCo by 141.3% within the second quarter. POM Funding Methods LLC now owns 181 shares of the corporate’s inventory valued at $30,000 after shopping for an extra 106 shares within the final quarter. Summit Securities Group LLC purchased a brand new stake in PepsiCo in the course of the second quarter value about $30,000. Lastly, Fortis Group Advisors LLC elevated its stake in shares of PepsiCo by 100.0% within the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the corporate’s inventory valued at $33,000 after buying an extra 97 shares over the last quarter. 73.07% of the inventory is at the moment owned by institutional traders and hedge funds.

PepsiCo Inventory Down 0.3 %

PepsiCo inventory traded down $0.56 throughout noon buying and selling on Friday, reaching $167.97. The corporate’s inventory had a buying and selling quantity of 4,391,321 shares, in comparison with its common quantity of 5,492,783. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week excessive of $183.41. The inventory has a market capitalization of $230.92 billion, a P/E ratio of 24.38, a PEG ratio of two.93 and a beta of 0.53. The corporate has a debt-to-equity ratio of 1.87, a present ratio of 0.83 and a fast ratio of 0.64. The inventory’s 50-day easy shifting common is $173.80 and its 200-day easy shifting common is $172.10.

PepsiCo (NASDAQ:PEP – Get Free Report) final introduced its quarterly earnings information on Thursday, July eleventh. The corporate 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 fairness of 57.37% and a internet margin of 10.34%. The agency had income of $22.50 billion in the course of the quarter, in comparison with analysts’ expectations of $22.59 billion. Throughout the identical interval final 12 months, the enterprise posted $2.09 earnings per share. The corporate’s income for the quarter was up .8% in comparison with the identical quarter final 12 months. On common, sell-side analysts anticipate that PepsiCo, Inc. will publish 8.14 EPS for the present 12 months.

PepsiCo Dividend Announcement

The corporate additionally not too long ago declared a quarterly dividend, which was paid on Monday, September thirtieth. Traders of report on Friday, September sixth got a dividend of $1.355 per share. The ex-dividend date was Friday, September sixth. This represents a $5.42 annualized dividend and a yield of three.23%. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Avenue Analysts Forecast Development

Quite a lot of analysis analysts have not too long ago issued studies on PEP shares. Royal Financial institution of Canada lowered their worth goal on shares of PepsiCo from $177.00 to $176.00 and set a “sector carry out” score for the corporate in a report on Friday. Financial institution of America decreased their goal worth on PepsiCo from $190.00 to $185.00 and set a “purchase” score for the corporate in a analysis report on Monday, September thirtieth. Jefferies Monetary Group minimize their worth goal on shares of PepsiCo from $210.00 to $200.00 and set a “purchase” score for the corporate in a report on Tuesday, July ninth. JPMorgan Chase & Co. lifted their goal worth on PepsiCo from $182.00 to $185.00 and gave the corporate a “impartial” score in a report on Tuesday. Lastly, Barclays decreased their worth goal on shares of PepsiCo from $187.00 to $186.00 and set an “chubby” score on the inventory in a report on Friday. 9 funding analysts have rated the inventory with a maintain score and 6 have issued a purchase score to the corporate’s inventory. Based mostly on information from MarketBeat, PepsiCo has a consensus score of “Maintain” and a consensus worth goal of $185.29.

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PepsiCo Profile

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PepsiCo, Inc engages within the manufacture, advertising, distribution, and sale of varied drinks and handy meals worldwide. The corporate operates by seven segments: Frito-Lay North America; Quaker Meals North America; PepsiCo Drinks North America; Latin America; Europe; Africa, Center East and South Asia; and Asia Pacific, Australia and New Zealand and China Area.

Learn Extra

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