23,634 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Calton & Associates Inc.

Calton & Associates Inc. acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund acquired 23,634 shares of the company's stock, valued at approximately $3,544,000.

Several other hedge funds also recently bought and sold shares of the company. FAS Wealth Partners Inc. boosted its holdings in PepsiCo by 7.0% in the 1st quarter. FAS Wealth Partners Inc. now owns 22,420 shares of the company's stock worth $3,362,000 after buying an additional 1,472 shares during the period. Balentine LLC boosted its holdings in shares of PepsiCo by 65.5% during the 1st quarter. Balentine LLC now owns 7,912 shares of the company's stock valued at $1,186,000 after purchasing an additional 3,131 shares during the last quarter. St. Louis Trust Co boosted its holdings in shares of PepsiCo by 23.2% during the 1st quarter. St. Louis Trust Co now owns 5,578 shares of the company's stock valued at $836,000 after purchasing an additional 1,051 shares during the last quarter. AMG National Trust Bank boosted its holdings in shares of PepsiCo by 0.7% during the 1st quarter. AMG National Trust Bank now owns 31,851 shares of the company's stock valued at $4,776,000 after purchasing an additional 220 shares during the last quarter. Finally, Buckhead Capital Management LLC boosted its holdings in shares of PepsiCo by 1.8% during the 1st quarter. Buckhead Capital Management LLC now owns 40,729 shares of the company's stock valued at $6,107,000 after purchasing an additional 725 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research firms have commented on PEP. Barclays dropped their price objective on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating for the company in a report on Tuesday. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday. Finally, Wells Fargo & Company upped their target price on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $159.50.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $2.20 during trading on Friday, hitting $143.24. 13,738,009 shares of the company's stock were exchanged, compared to its average volume of 7,239,591. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78. The business has a 50-day simple moving average of $132.23 and a 200-day simple moving average of $141.11. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The stock has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.09, a PEG ratio of 4.38 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. During the same quarter in the previous year, the company earned $2.28 earnings per share. The firm's revenue for the quarter was up 1.0% on a year-over-year basis. On average, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS 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 3.97%. 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 103.64%.

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.