Donaldson Capital Management LLC Has $28.20 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Donaldson Capital Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 188,070 shares of the company's stock after buying an additional 13,059 shares during the quarter. Donaldson Capital Management LLC's holdings in PepsiCo were worth $28,199,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Collier Financial bought a new position in PepsiCo during the 4th quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new position in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. JPMorgan Chase & Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Barclays lowered their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $2.40 during mid-day trading on Thursday, reaching $132.30. The company had a trading volume of 11,432,993 shares, compared to its average volume of 6,648,128. 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 stock has a market cap of $181.39 billion, a PE ratio of 19.04, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a 50-day moving average price of $134.82 and a two-hundred day moving average price of $145.42. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.61 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.30%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

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.