PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Brown Miller Wealth Management LLC

Brown Miller Wealth Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 81.6% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 8,415 shares of the company's stock after acquiring an additional 3,780 shares during the period. Brown Miller Wealth Management LLC's holdings in PepsiCo were worth $1,262,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Pflug Koory LLC raised its stake in PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Hanson & Doremus Investment Management raised its position in shares of PepsiCo by 10.6% in the first quarter. Hanson & Doremus Investment Management now owns 6,269 shares of the company's stock valued at $940,000 after buying an additional 600 shares during the last quarter. Traphagen Investment Advisors LLC boosted its position in PepsiCo by 2.1% during the first quarter. Traphagen Investment Advisors LLC now owns 5,823 shares of the company's stock worth $873,000 after acquiring an additional 119 shares during the last quarter. Asio Capital LLC grew its stake in PepsiCo by 2.2% during the 1st quarter. Asio Capital LLC now owns 31,046 shares of the company's stock valued at $4,655,000 after acquiring an additional 681 shares in the last quarter. Finally, Hengehold Capital Management LLC raised its holdings in PepsiCo by 8.2% in the 1st quarter. Hengehold Capital Management LLC now owns 22,589 shares of the company's stock valued at $3,387,000 after acquiring an additional 1,709 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Up 0.4%

NASDAQ PEP traded up $0.56 on Monday, reaching $131.41. The stock had a trading volume of 11,180,020 shares, compared to its average volume of 6,695,025. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The stock has a fifty day moving average price of $134.63 and a two-hundred day moving average price of $144.96. The firm has a market capitalization of $180.17 billion, a price-to-earnings ratio of 18.91, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (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 analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the company posted $1.61 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.33%. 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%.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Bank of America reduced their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Finally, Citigroup reduced their target price 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 research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $160.69.

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.