Mather Group LLC. Increases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mather Group LLC. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 952.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 111,732 shares of the company's stock after acquiring an additional 101,119 shares during the period. Mather Group LLC.'s holdings in PepsiCo were worth $16,753,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the company. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after buying an additional 21,859 shares in the last quarter. Ossiam increased its position in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp raised its stake in PepsiCo by 12.1% in the 4th 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 in the last quarter. Hutner Capital Management Inc. boosted its holdings in PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock valued at $8,178,000 after purchasing an additional 6,865 shares during the period. Finally, Polar Asset Management Partners Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $47,899,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock traded down $0.91 during mid-day trading on Friday, reaching $135.58. The company had a trading volume of 4,941,378 shares, compared to its average volume of 7,048,532. The company has a market cap of $185.88 billion, a P/E ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The business has a fifty day simple moving average of $131.40 and a 200 day simple moving average of $142.26. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 83.68%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on PEP. Barclays dropped their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $159.75.

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.