PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by Exchange Traded Concepts LLC

Exchange Traded Concepts LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 118.2% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 276,216 shares of the company's stock after purchasing an additional 149,622 shares during the quarter. PepsiCo comprises about 0.7% of Exchange Traded Concepts LLC's holdings, making the stock its 28th largest holding. Exchange Traded Concepts LLC's holdings in PepsiCo were worth $41,416,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the fourth quarter worth $31,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on PEP shares. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. 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. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Down 0.3%

NASDAQ:PEP traded down $0.39 on Monday, hitting $130.46. 2,913,510 shares of the stock were exchanged, compared to its average volume of 6,663,540. The stock has a market cap of $178.88 billion, a PE ratio of 18.85, a PEG ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. 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 fifty day moving average of $134.63 and a 200-day moving average of $144.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its 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). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.61 earnings per share. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.36%. PepsiCo's payout ratio is currently 83.68%.

PepsiCo Company 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.