PepsiCo, Inc. (NASDAQ:PEP) Holdings Raised by GoalVest Advisory LLC

GoalVest Advisory LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.9% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 11,892 shares of the company's stock after buying an additional 2,806 shares during the period. GoalVest Advisory LLC's holdings in PepsiCo were worth $1,783,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Ossiam increased its holdings in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp lifted its position in PepsiCo by 12.1% during the 4th 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. 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 worth $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $47,899,000. Finally, WCM Investment Management LLC raised its stake in shares of PepsiCo by 147.6% during the fourth quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock valued at $2,229,000 after purchasing an additional 8,759 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on the stock. Royal Bank of Canada restated a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Wall Street Zen downgraded PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. Finally, HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. One 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 stock presently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

NASDAQ:PEP traded down $0.30 during midday trading on Friday, hitting $131.62. 12,988,871 shares of the stock were exchanged, compared to its average volume of 6,558,275. The business has a 50-day moving average price of $137.98 and a two-hundred day moving average price of $147.27. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company has a market capitalization of $180.46 billion, a price-to-earnings ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released 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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. PepsiCo's revenue was down 1.8% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

About PepsiCo

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.