PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Demars Financial Group LLC

Demars Financial Group LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 975,230 shares of the company's stock after purchasing an additional 38,368 shares during the quarter. PepsiCo comprises 0.5% of Demars Financial Group LLC's holdings, making the stock its 26th largest position. Demars Financial Group LLC owned approximately 0.07% of PepsiCo worth $146,226,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ossiam grew its holdings in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp grew its stake in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after purchasing an additional 13,461 shares during the period. Hutner Capital Management Inc. increased its holdings in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $47,899,000. Finally, Inspire Trust Co. N.A. boosted its holdings in PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock worth $2,604,000 after buying an additional 4,825 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 1.6%

NASDAQ:PEP traded down $2.12 during trading hours on Tuesday, hitting $129.29. The company had a trading volume of 10,168,765 shares, compared to its average volume of 6,709,135. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a market cap of $177.27 billion, a P/E ratio of 18.60, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a 50-day moving average of $134.45 and a 200 day moving average of $144.73. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the prior year, the company posted $1.61 EPS. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.40%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on PEP. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. One equities research 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. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $160.69.

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.