Stokes Capital Advisors LLC Raises Position in PepsiCo, Inc. (NASDAQ:PEP)

Stokes Capital Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.5% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 40,789 shares of the company’s stock after purchasing an additional 3,892 shares during the period. PepsiCo accounts for 2.1% of Stokes Capital Advisors LLC’s investment portfolio, making the stock its 21st biggest holding. Stokes Capital Advisors LLC’s holdings in PepsiCo were worth $7,138,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after buying an additional 578,083 shares during the period. Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,686,139,000. California Public Employees Retirement System boosted its holdings in PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares during the period. Franklin Resources Inc. boosted its holdings in PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after buying an additional 1,345,065 shares during the period. Finally, Massachusetts Financial Services Co. MA boosted its holdings in PepsiCo by 15.1% in the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock worth $1,430,250,000 after buying an additional 1,105,127 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. Jefferies Financial Group raised their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday. They issued a “neutral” rating and a $174.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Barclays cut their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $186.38.

PepsiCo Trading Down 0.7 %

NASDAQ:PEP traded down $1.15 during trading hours on Friday, reaching $165.11. The company’s stock had a trading volume of 1,235,089 shares, compared to its average volume of 5,456,717. The firm has a market capitalization of $226.99 billion, a price-to-earnings ratio of 24.97, a PEG ratio of 2.74 and a beta of 0.52. The firm has a 50-day simple moving average of $173.68 and a 200-day simple moving average of $170.35. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the company earned $1.50 EPS. Research 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. Investors of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.28%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.