Envestnet Portfolio Solutions Inc. Purchases 27,901 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Envestnet Portfolio Solutions Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 25.4% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 137,773 shares of the company’s stock after buying an additional 27,901 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in PepsiCo were worth $24,112,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of PEP. Silver Oak Securities Incorporated grew its position in shares of PepsiCo by 17.7% in the 3rd quarter. Silver Oak Securities Incorporated now owns 2,583 shares of the company’s stock valued at $438,000 after purchasing an additional 389 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. acquired a new position in shares of PepsiCo in the 3rd quarter valued at approximately $3,211,000. Invst LLC grew its position in shares of PepsiCo by 8.6% in the 3rd quarter. Invst LLC now owns 1,255 shares of the company’s stock valued at $213,000 after purchasing an additional 99 shares during the period. Savoir Faire Capital Management L.P. acquired a new position in shares of PepsiCo in the 3rd quarter valued at approximately $6,292,000. Finally, Neo Ivy Capital Management acquired a new position in shares of PepsiCo in the 3rd quarter valued at approximately $1,121,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $2.43 during mid-day trading on Friday, reaching $166.38. The company had a trading volume of 6,675,848 shares, compared to its average volume of 5,532,946. 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, Inc. has a one year low of $155.83 and a one year high of $192.38. The firm has a market cap of $228.74 billion, a price-to-earnings ratio of 25.24, a PEG ratio of 2.84 and a beta of 0.52. The business’s 50-day simple moving average is $171.12 and its 200 day simple moving average is $169.99.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same quarter last year, the business earned $2.09 earnings per share. PepsiCo’s revenue was up .8% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.26%. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 81.50%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on PEP. JPMorgan Chase & Co. reduced their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday. Barclays reduced their price target on PepsiCo from $180.00 to $179.00 and set an “overweight” rating for the company in a research report on Friday. Wells Fargo & Company reduced their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $185.27.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 0.15% of the company’s stock.

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.