PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by CORDA Investment Management LLC.

CORDA Investment Management LLC. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.6% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 273,805 shares of the company's stock after acquiring an additional 4,210 shares during the period. PepsiCo accounts for about 3.3% of CORDA Investment Management LLC.'s portfolio, making the stock its 8th biggest holding. CORDA Investment Management LLC.'s holdings in PepsiCo were worth $41,054,000 as of its most recent SEC filing.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC raised its holdings in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after purchasing an additional 11,538 shares during the period. Proficio Capital Partners LLC increased its holdings in PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after purchasing an additional 824 shares during the period. AlphaQuest LLC increased its holdings in PepsiCo by 126.6% during the 4th quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock worth $392,000 after purchasing an additional 1,441 shares during the period. Finally, Davis R M Inc. increased its holdings in PepsiCo by 12.8% during the 4th quarter. Davis R M Inc. now owns 295,761 shares of the company's stock worth $44,973,000 after purchasing an additional 33,652 shares during the period. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.82 during mid-day trading on Friday, hitting $135.26. The company's stock had a trading volume of 7,958,563 shares, compared to its average volume of 7,089,911. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock has a market cap of $185.45 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.21 and a beta of 0.45. The business's fifty day moving average is $131.46 and its two-hundred day moving average is $141.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same period in the previous year, the company posted $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

PEP has been the topic of a number of analyst reports. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Finally, Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $158.19.

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.