Coastwise Capital Group LLC Has $899,000 Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Coastwise Capital Group LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 155.8% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,995 shares of the company's stock after acquiring an additional 3,651 shares during the quarter. Coastwise Capital Group LLC's holdings in PepsiCo were worth $899,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Souders Financial Advisors boosted its position in PepsiCo by 30.9% during the 1st quarter. Souders Financial Advisors now owns 5,596 shares of the company's stock worth $839,000 after acquiring an additional 1,322 shares during the period. Heritage Investors Management Corp raised its stake in shares of PepsiCo by 9.3% during the 1st quarter. Heritage Investors Management Corp now owns 143,965 shares of the company's stock worth $21,586,000 after purchasing an additional 12,205 shares in the last quarter. Teachers Retirement System of The State of Kentucky raised its stake in shares of PepsiCo by 4.0% during the 1st quarter. Teachers Retirement System of The State of Kentucky now owns 105,959 shares of the company's stock worth $15,888,000 after purchasing an additional 4,059 shares in the last quarter. J.W. Cole Advisors Inc. raised its stake in shares of PepsiCo by 93.6% during the 1st quarter. J.W. Cole Advisors Inc. now owns 44,915 shares of the company's stock worth $6,735,000 after purchasing an additional 21,718 shares in the last quarter. Finally, Signet Investment Advisory Group Inc. raised its stake in shares of PepsiCo by 10.8% during the 1st quarter. Signet Investment Advisory Group Inc. now owns 21,144 shares of the company's stock worth $3,170,000 after purchasing an additional 2,068 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on the company. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research note on Thursday. Wells Fargo & Company raised their price objective on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. One investment 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, PepsiCo has an average rating of "Hold" and an average target price of $157.93.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $143.24 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.65. The stock has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The business's fifty day moving average price is $132.23 and its two-hundred day moving average price is $141.11. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.97%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.

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