ICW Investment Advisors LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the first quarter, according to its most recent filing with the SEC. The institutional investor owned 17,214 shares of the company’s stock after purchasing an additional 258 shares during the period. PepsiCo accounts for approximately 2.0% of ICW Investment Advisors LLC’s portfolio, making the stock its 4th biggest holding. ICW Investment Advisors LLC’s holdings in PepsiCo were worth $2,067,000 at the end of the most recent quarter.
A number of other hedge funds have also recently made changes to their positions in PEP. PSI Advisors LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $25,000. Evolution Wealth Advisors LLC raised its holdings in shares of PepsiCo by 221.0% during the 4th quarter. Evolution Wealth Advisors LLC now owns 199 shares of the company’s stock worth $27,000 after acquiring an additional 137 shares during the period. Beutel Goodman & Co Ltd. purchased a new position in shares of PepsiCo during the 4th quarter worth $27,000. Permanens Capital L.P. raised its holdings in shares of PepsiCo by 511.4% during the 4th quarter. Permanens Capital L.P. now owns 269 shares of the company’s stock worth $37,000 after acquiring an additional 225 shares during the period. Finally, New England Investment & Retirement Group Inc. purchased a new position in shares of PepsiCo during the 1st quarter worth $41,000. Institutional investors own 70.71% of the company’s stock.
Several research analysts have recently commented on the company. Morgan Stanley reiterated a “buy” rating on shares of PepsiCo in a report on Wednesday, May 13th. Barclays reissued a “hold” rating and set a $136.00 price objective on shares of PepsiCo in a research report on Friday, April 17th. SunTrust Banks raised their price objective on PepsiCo from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. Deutsche Bank cut their price objective on PepsiCo from $145.00 to $143.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. Finally, Royal Bank of Canada reissued a “buy” rating and set a $153.00 price objective on shares of PepsiCo in a research report on Tuesday, April 14th. Eight research analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have issued a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $142.00.
NASDAQ PEP traded up $1.95 during trading on Monday, hitting $133.50. The stock had a trading volume of 1,834,321 shares, compared to its average volume of 6,126,143. PepsiCo, Inc. has a twelve month low of $101.42 and a twelve month high of $147.20. The company has a market capitalization of $182.53 billion, a PE ratio of 25.87, a PEG ratio of 5.03 and a beta of 0.59. The company has a quick ratio of 0.94, a current ratio of 1.10 and a debt-to-equity ratio of 2.61. The firm has a 50 day moving average price of $133.17 and a 200 day moving average price of $134.64.
PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The business had revenue of $13.88 billion during the quarter, compared to the consensus estimate of $13.20 billion. During the same period in the previous year, the company posted $0.97 earnings per share. The business’s revenue for the quarter was up 7.7% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 5.32 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a dividend of $1.0225 per share. The ex-dividend date is Thursday, June 4th. This is an increase from PepsiCo’s previous quarterly dividend of $0.96. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.06%. PepsiCo’s payout ratio is currently 69.08%.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
Featured Article: What is Net Asset Value (NAV)?
Receive News & Ratings for PepsiCo Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for PepsiCo and related companies with MarketBeat.com's FREE daily email newsletter.