Tandem Capital Management Corp ADV boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,040 shares of the company’s stock after purchasing an additional 148 shares during the quarter. Tandem Capital Management Corp ADV’s holdings in PepsiCo were worth $1,845,000 as of its most recent SEC filing.
Other large investors also recently bought and sold shares of the company. Steel Peak Wealth Management LLC grew its holdings in shares of PepsiCo by 102.6% during the fourth quarter. Steel Peak Wealth Management LLC now owns 8,936 shares of the company’s stock valued at $1,325,000 after buying an additional 4,525 shares during the last quarter. Tompkins Financial Corp grew its holdings in shares of PepsiCo by 5.6% during the fourth quarter. Tompkins Financial Corp now owns 47,445 shares of the company’s stock valued at $7,036,000 after buying an additional 2,505 shares during the last quarter. Leelyn Smith LLC grew its holdings in shares of PepsiCo by 6.4% during the first quarter. Leelyn Smith LLC now owns 13,188 shares of the company’s stock valued at $1,865,000 after buying an additional 797 shares during the last quarter. Lowell Blake & Associates Inc. lifted its position in shares of PepsiCo by 3.2% during the fourth quarter. Lowell Blake & Associates Inc. now owns 31,053 shares of the company’s stock valued at $4,605,000 after purchasing an additional 962 shares in the last quarter. Finally, Saybrook Capital NC lifted its position in shares of PepsiCo by 5.5% during the first quarter. Saybrook Capital NC now owns 13,383 shares of the company’s stock valued at $1,893,000 after purchasing an additional 700 shares in the last quarter. Institutional investors and hedge funds own 70.64% of the company’s stock.
A number of research analysts recently weighed in on PEP shares. Credit Suisse Group raised their price target on shares of PepsiCo from $144.00 to $155.00 and gave the company an “outperform” rating in a research report on Friday, April 16th. UBS Group raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their price target for the company from $145.00 to $165.00 in a research report on Wednesday, April 21st. Barclays raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $151.00 price target on the stock in a research report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $145.00 to $147.00 and gave the company a “hold” rating in a research report on Friday, April 16th. Finally, Wolfe Research began coverage on shares of PepsiCo in a research report on Monday, April 12th. They issued a “peer perform” rating on the stock. One investment analyst has rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the stock. The company presently has a consensus rating of “Hold” and an average price target of $149.23.
Shares of PEP traded down $0.44 during trading hours on Friday, hitting $147.16. The company’s stock had a trading volume of 157,091 shares, compared to its average volume of 5,470,242. The company has a market cap of $203.32 billion, a P/E ratio of 27.33, a price-to-earnings-growth ratio of 3.06 and a beta of 0.60. The company has a current ratio of 0.93, a quick ratio of 0.73 and a debt-to-equity ratio of 2.77. The company has a 50 day moving average price of $145.38. PepsiCo, Inc. has a 52-week low of $126.53 and a 52-week high of $148.85.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 14th. The company reported $1.21 earnings per share for the quarter, topping the consensus estimate of $1.12 by $0.09. The firm had revenue of $14.82 billion during the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a net margin of 10.51% and a return on equity of 58.55%. The company’s revenue was up 6.8% on a year-over-year basis. During the same quarter last year, the company earned $1.07 earnings per share. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 6.05 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Friday, June 4th will be paid a dividend of $1.075 per share. The ex-dividend date of this dividend is Thursday, June 3rd. This represents a $4.30 annualized dividend and a yield of 2.92%. This is a boost from PepsiCo’s previous quarterly dividend of $1.02. PepsiCo’s payout ratio is currently 77.90%.
PepsiCo, Inc operates as a food and beverage company 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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