Mather Group LLC. Acquires 101,119 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mather Group LLC. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 952.8% during the 1st quarter, according to its most recent 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 quarter. Mather Group LLC.'s holdings in PepsiCo were worth $16,753,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Asset Management One Co. Ltd. boosted its holdings in shares of PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ossiam grew its position in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp raised its holdings in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. lifted its stake in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after acquiring an additional 6,865 shares during the period. Finally, Polar Asset Management Partners Inc. purchased a new position in PepsiCo during the fourth quarter valued at approximately $47,899,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

PEP opened at $132.04 on Tuesday. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The firm has a 50 day moving average of $131.64 and a two-hundred day moving average of $142.63. The firm has a market capitalization of $181.04 billion, a PE ratio of 19.42, a P/E/G ratio of 3.77 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its 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 business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.61 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Barclays reduced their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. One equities 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 company's stock. According to MarketBeat.com, the company has an average rating of "Hold" and an average price target of $159.75.

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.

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