24,228 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Graybill Wealth Management LTD.

Graybill Wealth Management LTD. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 24,228 shares of the company's stock, valued at approximately $3,633,000.

Several other hedge funds have also recently made changes to their positions in PEP. Brighton Jones LLC lifted its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG raised its position in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after acquiring an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC lifted its holdings in PepsiCo by 22.7% in the fourth quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after acquiring an additional 824 shares during the period. Choate Investment Advisors boosted its position in PepsiCo by 1.9% in the 4th quarter. Choate Investment Advisors now owns 142,176 shares of the company's stock worth $21,617,000 after purchasing an additional 2,639 shares in the last quarter. Finally, one8zero8 LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $7,601,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on PEP. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Citigroup dropped their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $158.19.

PepsiCo Price Performance

PEP stock traded up $0.31 during midday trading on Monday, reaching $135.57. The stock had a trading volume of 8,477,672 shares, compared to its average volume of 8,400,400. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company's fifty day simple moving average is $131.49 and its 200 day simple moving average is $141.50. The company has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate 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 analysts' expectations of $17.81 billion. During the same period in the prior year, the business posted $1.61 earnings per share. The business's quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. PepsiCo's dividend payout ratio is 83.68%.

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.