Bartlett & CO. Wealth Management LLC Has $92.71 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Bartlett & CO. Wealth Management LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.1% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 618,286 shares of the company's stock after selling 13,357 shares during the quarter. PepsiCo makes up approximately 1.4% of Bartlett & CO. Wealth Management LLC's portfolio, making the stock its 21st largest holding. Bartlett & CO. Wealth Management LLC's holdings in PepsiCo were worth $92,706,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Old North State Wealth Management LLC lifted its position in shares of PepsiCo by 33.1% during the 1st quarter. Old North State Wealth Management LLC now owns 3,987 shares of the company's stock worth $599,000 after purchasing an additional 992 shares during the last quarter. Transcend Capital Advisors LLC lifted its holdings in shares of PepsiCo by 5.4% during the first quarter. Transcend Capital Advisors LLC now owns 31,390 shares of the company's stock worth $4,707,000 after buying an additional 1,619 shares during the last quarter. Diversified Trust Co boosted its position in shares of PepsiCo by 29.3% in the first quarter. Diversified Trust Co now owns 90,449 shares of the company's stock valued at $13,562,000 after acquiring an additional 20,503 shares during the period. Board of the Pension Protection Fund grew its stake in shares of PepsiCo by 133.3% in the first quarter. Board of the Pension Protection Fund now owns 1,400 shares of the company's stock worth $210,000 after acquiring an additional 800 shares during the last quarter. Finally, Stone Summit Wealth LLC increased its position in PepsiCo by 4.4% during the first quarter. Stone Summit Wealth LLC now owns 26,292 shares of the company's stock worth $3,942,000 after acquiring an additional 1,111 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have recently issued reports on PEP. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a report on Tuesday. JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Bank of America cut their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Finally, Citigroup decreased their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Price Performance

Shares of PEP opened at $128.22 on Friday. The firm has a market cap of $175.80 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The business's 50 day moving average price is $132.07 and its two-hundred day moving average price is $143.22. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.44%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

PepsiCo 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.

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