Argyle Capital Management LLC Acquires 4,202 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Argyle Capital Management LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 175.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,600 shares of the company's stock after acquiring an additional 4,202 shares during the period. Argyle Capital Management LLC's holdings in PepsiCo were worth $990,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the stock. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares during the period. Ossiam raised its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its stake in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. raised its holdings in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd lifted its position in shares of PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after buying an additional 6,112 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

PepsiCo stock opened at $135.58 on Friday. The stock has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a P/E/G ratio of 4.27 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The business's 50-day simple moving average is $131.36 and its 200 day simple moving average is $142.40.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS 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 for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.20%. PepsiCo's payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. JPMorgan Chase & Co. increased their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Finally, Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $159.75.

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.

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