Edmp Inc. Invests $1.62 Million in PepsiCo, Inc. (NASDAQ:PEP)

Edmp Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund bought 10,787 shares of the company's stock, valued at approximately $1,617,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in PEP. Penn Davis Mcfarland Inc. lifted its holdings in shares of PepsiCo by 2.3% during the first quarter. Penn Davis Mcfarland Inc. now owns 29,173 shares of the company's stock valued at $4,374,000 after purchasing an additional 660 shares during the last quarter. Fourth Dimension Wealth LLC raised its holdings in PepsiCo by 16.1% during the 1st quarter. Fourth Dimension Wealth LLC now owns 729 shares of the company's stock worth $109,000 after buying an additional 101 shares during the period. International Assets Investment Management LLC lifted its stake in PepsiCo by 2.1% during the first quarter. International Assets Investment Management LLC now owns 21,847 shares of the company's stock valued at $3,276,000 after buying an additional 444 shares in the last quarter. Cornerstone Wealth Group LLC boosted its holdings in shares of PepsiCo by 8.4% in the first quarter. Cornerstone Wealth Group LLC now owns 78,311 shares of the company's stock worth $11,742,000 after buying an additional 6,090 shares during the period. Finally, Invesco LLC increased its position in shares of PepsiCo by 44.4% in the first quarter. Invesco LLC now owns 6,069 shares of the company's stock worth $910,000 after acquiring an additional 1,867 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.2%

Shares of PEP traded up $0.20 during mid-day trading on Thursday, hitting $128.22. 11,519,153 shares of the company's stock were exchanged, compared to its average volume of 6,880,137. The stock has a market cap of $175.80 billion, a price-to-earnings ratio of 18.86, a P/E/G ratio of 3.76 and a beta of 0.45. The firm has a fifty day moving average of $132.36 and a two-hundred day moving average of $143.44. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a twelve month low of $127.63 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the company posted $1.61 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.44%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

Several equities research analysts recently commented on the stock. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Morgan Stanley cut their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and dropped their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and an average price target of $159.75.

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.