Atomi Financial Group Inc. Purchases 991 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atomi Financial Group Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 18.7% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 6,299 shares of the company’s stock after acquiring an additional 991 shares during the quarter. Atomi Financial Group Inc.’s holdings in PepsiCo were worth $1,039,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently modified their holdings of PEP. GUNN & Co INVESTMENT MANAGEMENT INC. grew its holdings in PepsiCo by 1,129.9% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock valued at $39,585,000 after purchasing an additional 214,122 shares during the period. Intact Investment Management Inc. grew its holdings in PepsiCo by 19.0% during the fourth quarter. Intact Investment Management Inc. now owns 46,900 shares of the company’s stock valued at $7,965,000 after purchasing an additional 7,500 shares during the period. Unique Wealth Strategies LLC bought a new stake in PepsiCo during the fourth quarter valued at about $318,000. Folger Nolan Fleming Douglas Capital Management Inc. grew its holdings in PepsiCo by 0.6% during the fourth quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 95,523 shares of the company’s stock valued at $16,224,000 after purchasing an additional 567 shares during the period. Finally, Transcend Capital Advisors LLC grew its holdings in PepsiCo by 2.9% during the fourth quarter. Transcend Capital Advisors LLC now owns 27,671 shares of the company’s stock valued at $4,700,000 after purchasing an additional 780 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PEP shares. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Royal Bank of Canada lowered their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Tuesday, August 20th. Jefferies Financial Group decreased their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Finally, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research report on Friday, July 19th. Eight analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average target price of $185.53.

PepsiCo Trading Down 0.4 %

Shares of PEP traded down $0.67 during mid-day trading on Tuesday, reaching $175.30. 3,519,746 shares of the company’s stock traded hands, compared to its average volume of 5,447,823. The stock has a market cap of $241.00 billion, a P/E ratio of 25.55, a P/E/G ratio of 2.98 and a beta of 0.52. The stock’s 50-day moving average is $169.37 and its two-hundred day moving average is $170.69. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter in the prior year, the firm earned $2.09 earnings per share. PepsiCo’s revenue was up .8% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.09%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

PepsiCo Profile

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.