Bowling Portfolio Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 5.2% in the first quarter, HoldingsChannel reports. The fund owned 4,536 shares of the company’s stock after buying an additional 224 shares during the quarter. Bowling Portfolio Management LLC’s holdings in PepsiCo were worth $759,000 at the end of the most recent quarter.
A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Heartland Bank & Trust Co increased its position in PepsiCo by 14.9% during the 1st quarter. Heartland Bank & Trust Co now owns 7,842 shares of the company’s stock worth $1,313,000 after purchasing an additional 1,015 shares in the last quarter. Pure Financial Advisors LLC increased its position in PepsiCo by 11.5% during the 1st quarter. Pure Financial Advisors LLC now owns 2,750 shares of the company’s stock worth $460,000 after purchasing an additional 284 shares in the last quarter. CHICAGO TRUST Co NA increased its position in PepsiCo by 3.4% during the 1st quarter. CHICAGO TRUST Co NA now owns 35,406 shares of the company’s stock worth $5,926,000 after purchasing an additional 1,175 shares in the last quarter. Bromfield Sneider Wealth Advisors acquired a new stake in PepsiCo during the 1st quarter worth approximately $89,000. Finally, Dividend Assets Capital LLC increased its position in PepsiCo by 0.8% during the 1st quarter. Dividend Assets Capital LLC now owns 13,251 shares of the company’s stock worth $2,218,000 after purchasing an additional 100 shares in the last quarter. 72.12% of the stock is owned by hedge funds and other institutional investors.
In other PepsiCo news, EVP David Flavell sold 5,150 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the sale, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Eugene Willemsen sold 4,560 shares of the stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the sale, the chief executive officer now directly owns 8,277 shares in the company, valued at $1,453,523.97. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.
PepsiCo stock opened at $162.03 on Thursday. The stock has a market cap of $224.04 billion, a P/E ratio of 22.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The stock has a 50 day moving average of $166.98 and a 200-day moving average of $168.10. PepsiCo, Inc. has a 52 week low of $144.61 and a 52 week high of $177.62.
PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The firm had revenue of $16.20 billion for the quarter, compared to analysts’ expectations of $15.54 billion. During the same period last year, the business posted $1.21 earnings per share. The firm’s revenue for the quarter was up 9.3% on a year-over-year basis. As a group, equities analysts predict that PepsiCo, Inc. will post 6.64 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be paid a dividend of $1.15 per share. The ex-dividend date of this dividend is Thursday, June 2nd. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is 62.93%.
A number of analysts recently issued reports on the stock. UBS Group dropped their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research report on Tuesday. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday. Credit Suisse Group upped their price target on PepsiCo from $163.00 to $168.00 in a report on Wednesday, April 27th. Guggenheim upped their price target on PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Finally, Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $173.00 to $175.00 in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $177.13.
About PepsiCo (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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