MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. Sells 228,995 Shares of PepsiCo, Inc. $PEP

by · The Markets Daily

MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 18.8% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The fund owned 986,648 shares of the company’s stock after selling 228,995 shares during the quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd.’s holdings in PepsiCo were worth $130,277,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PEP. Diversify Wealth Management LLC raised its position in shares of PepsiCo by 12.3% during the second quarter. Diversify Wealth Management LLC now owns 49,318 shares of the company’s stock valued at $6,512,000 after buying an additional 5,416 shares during the last quarter. Diversify Advisory Services LLC grew its position in PepsiCo by 68.0% in the second quarter. Diversify Advisory Services LLC now owns 18,646 shares of the company’s stock valued at $2,462,000 after acquiring an additional 7,547 shares during the period. Seven Mile Advisory grew its holdings in shares of PepsiCo by 10.5% in the 2nd quarter. Seven Mile Advisory now owns 2,819 shares of the company’s stock worth $372,000 after purchasing an additional 269 shares during the last quarter. Hamilton Capital LLC lifted its holdings in PepsiCo by 3.6% during the 2nd quarter. Hamilton Capital LLC now owns 7,381 shares of the company’s stock valued at $975,000 after purchasing an additional 258 shares during the last quarter. Finally, Ieq Capital LLC boosted its position in PepsiCo by 57.5% in the second quarter. Ieq Capital LLC now owns 203,031 shares of the company’s stock valued at $26,808,000 after buying an additional 74,122 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.4%

NASDAQ:PEP opened at $149.04 on Friday. The firm has a market capitalization of $203.79 billion, a price-to-earnings ratio of 28.33, a price-to-earnings-growth ratio of 5.12 and a beta of 0.42. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $160.15. The stock’s 50 day moving average price is $147.12 and its two-hundred day moving average price is $142.07.

PepsiCo (NASDAQ:PEP – Get Free Report) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, beating the consensus estimate of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analysts’ expectations of $23.91 billion. During the same period last year, the business earned $2.31 earnings per share. The firm’s revenue was up 2.7% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Shareholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 3.8%. The ex-dividend date of this dividend is Friday, December 5th. PepsiCo’s payout ratio is 108.17%.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Weiss Ratings restated a “hold (c)” rating on shares of PepsiCo in a research report on Tuesday, October 14th. Royal Bank Of Canada reduced their price target on shares of PepsiCo from $146.00 to $145.00 and set a “sector perform” rating on the stock in a research report on Monday, September 15th. HSBC raised their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Wells Fargo & Company upped their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Finally, Wall Street Zen raised PepsiCo from a “hold” rating to a “buy” rating in a report on Friday, November 28th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have given a Hold rating and one has assigned a Sell rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus target price of $158.35.

Get Our Latest Stock Report on PEP

PepsiCo Company Profile

(Free Report)

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.

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