PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Franklin Street Advisors Inc. NC

Franklin Street Advisors Inc. NC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,270 shares of the company’s stock after acquiring an additional 700 shares during the quarter. Franklin Street Advisors Inc. NC’s holdings in PepsiCo were worth $1,097,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also modified their holdings of the stock. LFA Lugano Financial Advisors SA raised its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter worth about $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $36,000. Finally, Criterion Capital Advisors LLC purchased a new stake in PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 0.15% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $1.38 during trading hours on Thursday, hitting $165.36. 1,985,494 shares of the company were exchanged, compared to its average volume of 5,471,921. The business has a 50-day moving average of $173.73 and a 200-day moving average of $170.37. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The stock has a market capitalization of $227.34 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.75 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the business earned $1.50 EPS. The business’s revenue was up 2.3% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.28%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is 81.50%.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of research analyst reports. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. BNP Paribas initiated coverage on shares of PepsiCo in a research note on Monday. They issued a “neutral” rating and a $174.00 price objective for the company. Barclays cut their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Finally, Jefferies Financial Group lifted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $186.38.

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.