BTC Capital Management Inc. grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 53,989 shares of the company's stock after purchasing an additional 2,587 shares during the quarter. BTC Capital Management Inc.'s holdings in PepsiCo were worth $8,096,000 as of its most recent SEC filing.
A number of other institutional investors also recently modified their holdings of the company. Rothschild Investment LLC grew its stake in shares of PepsiCo by 0.5% in the first quarter. Rothschild Investment LLC now owns 15,873 shares of the company's stock worth $2,380,000 after acquiring an additional 78 shares during the last quarter. S.E.E.D. Planning Group LLC acquired a new stake in shares of PepsiCo in the first quarter worth $1,606,000. Global Financial Private Client LLC grew its stake in shares of PepsiCo by 3.3% in the first quarter. Global Financial Private Client LLC now owns 12,081 shares of the company's stock worth $1,811,000 after acquiring an additional 386 shares during the last quarter. Welch Group LLC grew its stake in shares of PepsiCo by 11.0% in the first quarter. Welch Group LLC now owns 350,706 shares of the company's stock worth $52,350,000 after acquiring an additional 34,866 shares during the last quarter. Finally, Summit Global Investments boosted its stake in PepsiCo by 1,271.3% during the first quarter. Summit Global Investments now owns 47,158 shares of the company's stock worth $7,071,000 after buying an additional 43,719 shares in the last quarter. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
Shares of PepsiCo stock traded down $0.30 during trading on Friday, reaching $131.62. The company's stock had a trading volume of 12,988,871 shares, compared to its average volume of 6,551,860. The stock has a 50-day moving average price of $137.98 and a two-hundred day moving average price of $147.15. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock has a market capitalization of $180.46 billion, a P/E ratio of 18.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business 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 firm earned $1.61 earnings per share. The business's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.
PepsiCo Increases Dividend
The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo's dividend payout ratio is presently 83.68%.
Analyst Upgrades and Downgrades
A number of equities research analysts have weighed in on the stock. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Wells Fargo & Company decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Barclays decreased their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research note on Monday, April 28th. Finally, Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One 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. Based on data from MarketBeat.com, PepsiCo presently has a consensus rating of "Hold" and an average price target of $160.69.
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About PepsiCo
(
Free Report)
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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