CapWealth Advisors LLC Purchases 5,302 Shares of PepsiCo, Inc. (NASDAQ:PEP)

CapWealth Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 5.0% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 111,358 shares of the company's stock after buying an additional 5,302 shares during the quarter. PepsiCo makes up about 1.8% of CapWealth Advisors LLC's investment portfolio, making the stock its 25th largest position. CapWealth Advisors LLC's holdings in PepsiCo were worth $16,697,000 as of its most recent filing with the SEC.

Several other large investors also recently bought and sold shares of the business. TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares during the last quarter. Lokken Investment Group LLC raised its stake in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the period. Legacy Financial Group LLC raised its stake in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after purchasing an additional 71 shares during the period. Atlantic Private Wealth LLC raised its stake in PepsiCo by 37.5% during the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after purchasing an additional 75 shares during the period. Finally, Pflug Koory LLC raised its stake in PepsiCo by 1.0% during 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 period. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on PEP shares. UBS Group cut their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America cut their target price 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. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. Morgan Stanley cut their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. 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 research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus price target of $159.75.

PepsiCo Stock Up 0.4%

NASDAQ:PEP traded up $0.59 during trading hours on Tuesday, reaching $135.04. The company's stock had a trading volume of 7,714,987 shares, compared to its average volume of 7,065,402. The company has a market cap of $185.15 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The business's 50-day moving average is $131.42 and its 200-day moving average is $141.98. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.61 earnings per share. Equities research analysts predict 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 issued a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. PepsiCo's dividend payout ratio is currently 83.68%.

About PepsiCo

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.