Gallacher Capital Management LLC Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Gallacher Capital Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 105,512 shares of the company's stock after acquiring an additional 2,880 shares during the period. PepsiCo makes up approximately 7.7% of Gallacher Capital Management LLC's investment portfolio, making the stock its biggest position. Gallacher Capital Management LLC's holdings in PepsiCo were worth $15,820,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PEP. Miller Financial Services LLC boosted its stake in shares of PepsiCo by 9.1% during the 1st quarter. Miller Financial Services LLC now owns 8,189 shares of the company's stock valued at $1,228,000 after buying an additional 683 shares during the period. William Allan Corp raised its holdings in PepsiCo by 53.3% in the 1st quarter. William Allan Corp now owns 21,672 shares of the company's stock worth $3,249,000 after acquiring an additional 7,539 shares during the period. Chancellor Financial Group WB LP grew its position in PepsiCo by 6.3% in the 1st quarter. Chancellor Financial Group WB LP now owns 10,917 shares of the company's stock worth $1,637,000 after purchasing an additional 650 shares during the last quarter. Los Angeles Capital Management LLC boosted its position in shares of PepsiCo by 94.2% during the 1st quarter. Los Angeles Capital Management LLC now owns 412,084 shares of the company's stock valued at $61,788,000 after acquiring an additional 199,939 shares in the last quarter. Finally, Wealth Alliance LLC boosted its position in shares of PepsiCo by 29.2% during the 1st quarter. Wealth Alliance LLC now owns 22,224 shares of the company's stock valued at $3,332,000 after acquiring an additional 5,019 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded down $1.54 during trading hours on Monday, reaching $141.70. 9,002,722 shares of the company traded hands, compared to its average volume of 7,246,734. The firm's 50-day moving average is $132.23 and its 200-day moving average is $141.04. The stock has a market cap of $194.00 billion, a P/E ratio of 18.20, a P/E/G ratio of 4.38 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. 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 released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS 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 for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business posted $2.28 EPS. The company's quarterly revenue was up 1.0% compared to the same quarter last year. Equities research 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. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend yield of 4.02%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEP. Cowen reissued a "hold" rating on shares of PepsiCo in a research note on Thursday. JPMorgan Chase & Co. decreased their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Barclays increased their price target on shares of PepsiCo from $132.00 to $144.00 and gave the company an "equal weight" rating in a research note on Monday. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Hold" and a consensus price target of $158.73.

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.