Beverly Hills Private Wealth LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Beverly Hills Private Wealth LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.0% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 33,418 shares of the company's stock after purchasing an additional 5,093 shares during the quarter. PepsiCo makes up 1.0% of Beverly Hills Private Wealth LLC's investment portfolio, making the stock its 20th biggest holding. Beverly Hills Private Wealth LLC's holdings in PepsiCo were worth $5,011,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other large investors also recently bought and sold shares of PEP. Brighton Jones LLC increased its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in shares of PepsiCo by 2.5% in the 4th 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 during the period. Proficio Capital Partners LLC raised its position in PepsiCo by 22.7% in the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after purchasing an additional 824 shares during the last quarter. Larson Financial Group LLC boosted its stake in PepsiCo by 1.9% during the 4th quarter. Larson Financial Group LLC now owns 14,732 shares of the company's stock worth $2,240,000 after purchasing an additional 269 shares during the period. Finally, Schaper Benz & Wise Investment Counsel Inc. WI grew its position in PepsiCo by 5.2% during the 4th quarter. Schaper Benz & Wise Investment Counsel Inc. WI now owns 12,157 shares of the company's stock worth $1,849,000 after purchasing an additional 602 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.44 during midday trading on Wednesday, hitting $133.60. The company had a trading volume of 4,143,531 shares, compared to its average volume of 7,061,529. 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 $127.60 and a twelve month high of $180.91. The business has a 50-day simple moving average of $131.43 and a two-hundred day simple moving average of $141.93. The firm has a market capitalization of $183.17 billion, a price-to-earnings ratio of 19.64, a price-to-earnings-growth ratio of 4.21 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the business earned $1.61 EPS. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Equities 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. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.26%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent research reports. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. One equities 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, the company currently has a consensus rating of "Hold" and an average price target 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.