Los Angeles Capital Management LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Los Angeles Capital Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 94.2% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 412,084 shares of the company's stock after buying an additional 199,939 shares during the quarter. Los Angeles Capital Management LLC's holdings in PepsiCo were worth $61,788,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in PEP. Wealth Alliance LLC increased its stake in PepsiCo by 29.2% during the first quarter. Wealth Alliance LLC now owns 22,224 shares of the company's stock worth $3,332,000 after acquiring an additional 5,019 shares during the last quarter. Bingham Private Wealth LLC increased its stake in PepsiCo by 33.7% during the first quarter. Bingham Private Wealth LLC now owns 4,505 shares of the company's stock worth $675,000 after acquiring an additional 1,135 shares during the last quarter. Sargent Investment Group LLC increased its stake in PepsiCo by 14.0% during the first quarter. Sargent Investment Group LLC now owns 8,913 shares of the company's stock worth $1,336,000 after acquiring an additional 1,096 shares during the last quarter. Optimist Retirement Group LLC acquired a new stake in shares of PepsiCo in the first quarter valued at about $2,186,000. Finally, Coastwise Capital Group LLC grew its stake in shares of PepsiCo by 155.8% in the first quarter. Coastwise Capital Group LLC now owns 5,995 shares of the company's stock valued at $899,000 after buying an additional 3,651 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 1.5%

Shares of PEP stock opened at $143.24 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The stock has a market cap of $196.39 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The business's fifty day moving average is $132.23 and its 200-day moving average is $141.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 3.97%. PepsiCo's dividend payout ratio is currently 103.64%.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday. 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's stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $157.93.

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.

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.