PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Cwm LLC

CWM LLC raised its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 18.4% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 292,918 shares of the company's stock after buying an additional 45,541 shares during the period. CWM LLC's holdings in PepsiCo were worth $43,920,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. TAGStone Capital Inc. increased its holdings in shares of PepsiCo by 2.8% in 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 period. Lokken Investment Group LLC increased its holdings in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after acquiring an additional 70 shares during the period. Legacy Financial Group LLC increased its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Atlantic Private Wealth LLC increased its holdings in shares of PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the period. Finally, Pflug Koory LLC increased its holdings in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after acquiring an additional 76 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.2%

NASDAQ:PEP traded up $1.54 on Wednesday, reaching $135.35. The stock had a trading volume of 10,923,842 shares, compared to its average volume of 7,127,899. The company has a market cap of $185.58 billion, a price-to-earnings ratio of 19.90, a P/E/G ratio of 4.18 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm's fifty day moving average is $131.62 and its two-hundred day moving average is $141.33. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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). The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company posted $1.61 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 83.68%.

Analyst Ratings Changes

PEP has been the topic of a number of analyst reports. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $158.00.

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.