Beverly Hills Private Wealth LLC Buys 5,093 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Beverly Hills Private Wealth LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.0% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 33,418 shares of the company's stock after purchasing an additional 5,093 shares during the period. PepsiCo makes up about 1.0% of Beverly Hills Private Wealth LLC's portfolio, making the stock its 20th largest holding. Beverly Hills Private Wealth LLC's holdings in PepsiCo were worth $5,011,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Brighton Jones LLC raised its position 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 in the last quarter. Bank Pictet & Cie Europe AG raised its position 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 buying an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC increased its position in PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after purchasing an additional 824 shares in the last quarter. Larson Financial Group LLC increased its position 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 in the last quarter. Finally, Schaper Benz & Wise Investment Counsel Inc. WI increased 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 in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Down 0.7%

NASDAQ PEP traded down $0.93 on Monday, hitting $134.45. The company's stock had a trading volume of 7,771,754 shares, compared to its average volume of 7,062,788. 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 1-year low of $127.60 and a 1-year high of $180.91. The company's 50-day moving average is $131.40 and its 200 day moving average is $142.11. The firm has a market cap of $184.34 billion, a PE ratio of 19.77, a PEG ratio of 4.23 and a beta of 0.45.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. 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 4.23%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is currently 83.68%.

Analysts Set New Price Targets

A number of research firms recently issued reports on PEP. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Barclays lowered their price objective 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. Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Finally, Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and a consensus target price 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.