PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Dynamic Advisor Solutions LLC

Dynamic Advisor Solutions LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 16.4% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 55,157 shares of the company's stock after buying an additional 7,785 shares during the quarter. Dynamic Advisor Solutions LLC's holdings in PepsiCo were worth $8,270,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Ossiam lifted its position in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its position in shares of PepsiCo by 12.1% during the fourth 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 last quarter. Hutner Capital Management Inc. raised its holdings in shares of PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $47,899,000. Finally, Inspire Trust Co. N.A. raised its holdings in shares of PepsiCo by 39.2% in the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company's stock valued at $2,604,000 after acquiring an additional 4,825 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Finally, Morgan Stanley decreased their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

NASDAQ PEP traded down $1.45 during trading hours on Friday, reaching $130.85. The stock had a trading volume of 9,578,363 shares, compared to its average volume of 6,677,016. The stock has a fifty day moving average of $134.63 and a 200 day moving average of $145.08. The stock has a market cap of $179.41 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the company posted $1.61 EPS. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

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.