Douglas Lane & Associates LLC Acquires 14,427 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Douglas Lane & Associates LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.5% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 235,349 shares of the company's stock after acquiring an additional 14,427 shares during the quarter. Douglas Lane & Associates LLC's holdings in PepsiCo were worth $35,288,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Ossiam raised its holdings in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after buying an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after buying an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. increased its position in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after purchasing an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in PepsiCo in the fourth quarter worth about $47,899,000. Finally, WCM Investment Management LLC increased its position in PepsiCo by 147.6% in the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after purchasing an additional 8,759 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.4%

NASDAQ PEP traded down $0.54 during trading on Monday, hitting $130.91. The stock had a trading volume of 6,722,029 shares, compared to its average volume of 6,552,419. The company's 50-day moving average price is $137.98 and its two-hundred day moving average price is $147.02. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $179.49 billion, a PE ratio of 18.84, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 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 the consensus estimate of $17.81 billion. During the same period last year, the business earned $1.61 EPS. The business's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. 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. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. PepsiCo's payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. UBS Group lowered their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. 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 stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $160.69.

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.