Boston Family Office LLC Buys 3,871 Shares of PepsiCo, Inc. $PEP

Key Points

• Boston Family Office LLC increased its stake in PepsiCo by 6.4%, now holding 63,927 shares worth approximately $9.59 million.
• PepsiCo reported quarterly earnings of $2.12 EPS, exceeding analyst expectations and marking a 1.0% year-over-year revenue increase to $22.73 billion.
• The company declared a quarterly dividend of $1.4225 per share, with a dividend yield of 3.8% and a payout ratio of 103.64%.

Boston Family Office LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.4% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 63,927 shares of the company's stock after purchasing an additional 3,871 shares during the quarter. Boston Family Office LLC's holdings in PepsiCo were worth $9,585,000 at the end of the most recent quarter.

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC lifted its stake in 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 acquiring an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG lifted its position in shares of PepsiCo by 2.5% in 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. Capital Square LLC lifted its position in shares of PepsiCo by 10.0% in the 4th quarter. Capital Square LLC now owns 1,462 shares of the company's stock worth $218,000 after purchasing an additional 133 shares during the period. GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at about $38,000. Finally, Alpha DNA Investment Management LLC increased its position in shares of PepsiCo by 1.9% during the fourth quarter. Alpha DNA Investment Management LLC now owns 6,042 shares of the company's stock valued at $919,000 after buying an additional 115 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a report on Thursday, July 17th. Morgan Stanley raised their target price on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. 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 note on Friday, April 25th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Finally, Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. 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 company. According to data from MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

PepsiCo stock traded down $0.85 during trading on Monday, reaching $149.55. The company had a trading volume of 9,899,332 shares, compared to its average volume of 7,776,359. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. The firm has a market capitalization of $204.75 billion, a price-to-earnings ratio of 27.24, a price-to-earnings-growth ratio of 4.01 and a beta of 0.45. The firm's 50-day simple moving average is $137.79 and its 200 day simple moving average is $140.48.

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 analysts' consensus estimates of $2.03 by $0.09. The firm had revenue of $22.73 billion during the quarter, compared to analysts' expectations of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period in the prior year, the company posted $2.28 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. The ex-dividend date is Friday, September 5th. PepsiCo's payout ratio is presently 103.64%.

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.