Brookstone Capital Management Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brookstone Capital Management lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 85.9% in the 1st quarter, according to its most recent filing with the SEC. The firm owned 49,404 shares of the company's stock after purchasing an additional 22,824 shares during the period. Brookstone Capital Management's holdings in PepsiCo were worth $7,408,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Vanguard Group Inc. increased its position in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC boosted its stake in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Norges Bank purchased a new stake in PepsiCo during the 4th quarter worth approximately $2,729,565,000. Northern Trust Corp raised its holdings in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Finally, Franklin Resources Inc. grew its holdings in shares of PepsiCo by 5.6% during the fourth quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company's stock valued at $2,090,582,000 after buying an additional 727,087 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $0.91 during trading on Friday, hitting $135.58. The company had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week 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 stock has a fifty day simple moving average of $131.40 and a two-hundred day simple moving average of $142.26. The firm has a market capitalization 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 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 analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. On average, research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

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

Wall Street Analyst Weigh In

PEP has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Bank of America dropped their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and dropped their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Barclays reduced their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Hold" and an average price target of $159.75.

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.