Inspire Trust Co. N.A. Has $3.30 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Inspire Trust Co. N.A. increased its holdings in PepsiCo by 28.5% in Q1, now owning 22,000 shares worth approximately $3.3 million.
• Several institutional investors have significantly increased their stakes in PepsiCo, with Nuveen LLC and GAMMA Investing LLC making noteworthy purchases during the same quarter.
• PepsiCo recently reported Q2 earnings of $2.12 EPS, exceeding analysts' expectations, and announced a quarterly dividend of $1.4225 per share scheduled for payment on September 30th.

Inspire Trust Co. N.A. lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 28.5% during the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 22,000 shares of the company's stock after purchasing an additional 4,875 shares during the quarter. Inspire Trust Co. N.A.'s holdings in PepsiCo were worth $3,299,000 at the end of the most recent reporting period.

Several other large investors have also made changes to their positions in PEP. Elite Financial Inc. acquired a new position in PepsiCo during the 1st quarter valued at about $28,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $31,000. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $38,000. Bridge Generations Wealth Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $38,000. Finally, Sunbeam Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $47,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PepsiCo stock traded down $0.73 during mid-day trading on Thursday, hitting $148.62. 6,890,929 shares of the company's stock traded hands, compared to its average volume of 8,969,319. The firm has a 50 day simple moving average of $136.99 and a two-hundred day simple moving average of $140.63. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $179.73. The stock has a market cap of $203.47 billion, a price-to-earnings ratio of 27.07, a P/E/G ratio of 3.98 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the firm posted $2.28 EPS. The company's quarterly revenue was up 1.0% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Barclays upped their price target on PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday, July 21st. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $158.73.

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.