Capital Investment Advisors LLC Has $6.10 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Capital Investment Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 40,657 shares of the company’s stock after acquiring an additional 730 shares during the period. Capital Investment Advisors LLC’s holdings in PepsiCo were worth $6,096,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Ossiam grew its holdings in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after buying an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp grew its stake in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. increased its position in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in PepsiCo in the 4th quarter worth about $47,899,000. Finally, WCM Investment Management LLC boosted its holdings in PepsiCo by 147.6% in the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company’s stock valued at $2,229,000 after purchasing an additional 8,759 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Bank of America lowered 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. Barclays cut their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Price Performance

PepsiCo stock opened at $130.03 on Friday. The company has a market capitalization of $178.28 billion, a PE ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a 50-day moving average price of $136.15 and a two-hundred day moving average price of $146.16. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.38%. PepsiCo’s payout ratio is presently 83.68%.

About PepsiCo

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.