RB Capital Management LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.1% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 12,474 shares of the company’s stock after acquiring an additional 1,545 shares during the period. PepsiCo accounts for about 1.0% of RB Capital Management LLC’s holdings, making the stock its 26th largest position. RB Capital Management LLC’s holdings in PepsiCo were worth $1,358,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Wagner Wealth Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $109,000. WP Advisors LLC acquired a new stake in PepsiCo in the 2nd quarter valued at approximately $118,000. Well Done LLC acquired a new stake in PepsiCo in the 1st quarter valued at approximately $125,000. Certified Advisory Corp acquired a new stake in PepsiCo in the 4th quarter valued at approximately $134,000. Finally, Avestar Capital LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $154,000. 70.49% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PEP opened at $114.57 on Friday. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The company has a market cap of $161.02 billion, a PE ratio of 21.24, a PEG ratio of 2.68 and a beta of 0.66. The company has a current ratio of 1.24, a quick ratio of 1.09 and a debt-to-equity ratio of 3.00.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, July 10th. The company reported $1.61 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.53 by $0.08. PepsiCo had a return on equity of 67.06% and a net margin of 7.14%. The company had revenue of $16.09 billion for the quarter, compared to analyst estimates of $16.05 billion. During the same quarter last year, the firm earned $1.50 EPS. PepsiCo’s revenue for the quarter was up 2.4% compared to the same quarter last year. research analysts expect that PepsiCo, Inc. will post 5.69 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Friday, September 28th. Stockholders of record on Friday, September 7th will be issued a dividend of $0.9275 per share. This represents a $3.71 annualized dividend and a dividend yield of 3.24%. The ex-dividend date is Thursday, September 6th. PepsiCo’s payout ratio is presently 70.94%.

A number of analysts have issued reports on PEP shares. BidaskClub raised PepsiCo from a “strong sell” rating to a “sell” rating in a report on Thursday, May 24th. JPMorgan Chase & Co. set a $128.00 target price on PepsiCo and gave the company a “buy” rating in a report on Wednesday, July 11th. Morgan Stanley raised their target price on PepsiCo from $123.00 to $127.00 and gave the company a “buy” rating in a report on Wednesday, July 11th. Deutsche Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $116.00 target price on the stock. in a report on Tuesday, July 3rd. Finally, Citigroup raised their target price on PepsiCo from $111.00 to $118.00 and gave the company a “neutral” rating in a report on Wednesday, July 11th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and six have assigned a buy rating to the company. PepsiCo currently has a consensus rating of “Hold” and an average price target of $119.50.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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