PepsiCo, Inc. (NASDAQ:PEP) Holdings Increased by CCM Investment Advisers LLC

CCM Investment Advisers LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 89,959 shares of the company's stock after buying an additional 20,781 shares during the period. CCM Investment Advisers LLC's holdings in PepsiCo were worth $13,489,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Tallon Kerry Patrick purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $224,000. Brighton Jones LLC boosted its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the period. Union Bancaire Privee UBP SA purchased a new position in PepsiCo during the 4th quarter worth $9,268,000. Strategic Financial Concepts LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $162,000. Finally, Sovran Advisors LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth about $429,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.4%

NASDAQ:PEP traded up $0.56 during trading hours on Monday, hitting $131.41. The stock had a trading volume of 11,177,123 shares, compared to its average volume of 6,695,019. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market cap of $180.17 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The business has a 50 day simple moving average of $134.63 and a two-hundred day simple moving average of $144.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.33%. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America lowered their price objective 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. Morgan Stanley reduced their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price 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.