Midwest Professional Planners LTD. Has $1.26 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Midwest Professional Planners LTD. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 229.0% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 8,406 shares of the company's stock after buying an additional 5,851 shares during the period. Midwest Professional Planners LTD.'s holdings in PepsiCo were worth $1,260,000 as of its most recent SEC filing.

A number of other large investors also recently bought and sold shares of PEP. Asset Management One Co. Ltd. increased its position 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 worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ossiam increased its position in shares of PepsiCo by 138.9% in 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 in the last quarter. Graybill Wealth Management LTD. acquired a new stake in shares of PepsiCo in the first quarter worth $3,633,000. OMERS ADMINISTRATION Corp increased its position in shares of PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Finally, Sumitomo Mitsui DS Asset Management Company Ltd increased its position in shares of PepsiCo by 2.3% in the first quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock traded down $2.20 during trading hours on Friday, hitting $143.24. 13,584,501 shares of the company traded hands, compared to its average volume of 7,227,849. The firm has a market cap of $196.39 billion, a P/E ratio of 21.06, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The firm's 50-day simple moving average is $131.97 and its two-hundred day simple moving average is $141.24. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue was up 1.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.28 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. 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 3.97%. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of research firms recently weighed in on PEP. Citigroup raised their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday. Wells Fargo & Company raised their price target on shares of PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday. Morgan Stanley increased their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Finally, Barclays reduced their price objective on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Tuesday. One research analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have issued 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 $159.50.

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.