Diversified Trust Co grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.3% in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 90,449 shares of the company's stock after buying an additional 20,503 shares during the period. Diversified Trust Co's holdings in PepsiCo were worth $13,562,000 at the end of the most recent quarter.
A number of other large investors have also made changes to their positions in PEP. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter worth $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo during the 4th quarter worth about $31,000. Summit Securities Group LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth about $38,000. Institutional investors own 73.07% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have commented on PEP. UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Finally, Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. One equities 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 company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $159.75.
Check Out Our Latest Report on PEP
PepsiCo Price Performance
NASDAQ:PEP opened at $128.22 on Friday. The firm's fifty day moving average price is $132.07 and its two-hundred day moving average price is $143.22. 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 company has a market cap of $175.80 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.68 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the company earned $1.61 earnings per share. The firm's revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.44%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio is currently 83.68%.
About PepsiCo
(
Free Report)
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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