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PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by KPP Advisory Services LLC

PepsiCo logo with Consumer Staples background

KPP Advisory Services LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 37.4% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 11,196 shares of the company's stock after acquiring an additional 3,047 shares during the quarter. KPP Advisory Services LLC's holdings in PepsiCo were worth $1,679,000 as of its most recent SEC filing.

Other large investors also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $31,000. Summit Securities Group LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $38,000. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PEP shares. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Citigroup lowered 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. Finally, Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $159.75.

Check Out Our Latest Stock Analysis on PEP

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $2.82 during mid-day trading on Friday, hitting $131.04. The stock had a trading volume of 26,530,795 shares, compared to its average volume of 6,970,251. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company has a 50 day moving average of $131.83 and a two-hundred day moving average of $142.82. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm has a market cap of $179.67 billion, a PE ratio of 19.27, a PEG ratio of 3.77 and a beta of 0.46.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the company earned $1.61 earnings per share. PepsiCo's revenue was down 1.8% on a year-over-year basis. Research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.34%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

PepsiCo Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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