Portside Wealth Group LLC Buys 1,184 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Portside Wealth Group LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.6% in the 1st quarter, HoldingsChannel.com reports. The firm owned 10,565 shares of the company’s stock after purchasing an additional 1,184 shares during the period. Portside Wealth Group LLC’s holdings in PepsiCo were worth $1,607,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in the company. Tallon Kerry Patrick purchased a new position in shares of PepsiCo in the 4th quarter worth about $224,000. Brighton Jones LLC raised its position in PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after acquiring an additional 6,574 shares during the period. Union Bancaire Privee UBP SA purchased a new position in PepsiCo in the fourth quarter valued at about $9,268,000. U.S. Capital Wealth Advisors LLC grew its position in shares of PepsiCo by 21.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 10,988 shares of the company’s stock valued at $1,671,000 after acquiring an additional 1,923 shares during the period. Finally, Optas LLC increased its stake in shares of PepsiCo by 3.7% during the 4th quarter. Optas LLC now owns 4,062 shares of the company’s stock worth $618,000 after purchasing an additional 145 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $131.85 on Wednesday. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $180.78 billion, a price-to-earnings ratio of 18.97, a PEG ratio of 3.09 and a beta of 0.47. The company’s fifty day moving average price is $137.27 and its 200-day moving average price is $146.72.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the business earned $1.61 EPS. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

Analysts Set New Price Targets

A number of research firms recently commented on PEP. Bank of America dropped their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. HSBC decreased their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Company 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.