PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Falcon Wealth Planning

Falcon Wealth Planning grew its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 92.5% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,305 shares of the company's stock after purchasing an additional 2,069 shares during the period. Falcon Wealth Planning's holdings in PepsiCo were worth $646,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of PEP. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the fourth quarter worth $31,000. Summit Securities Group LLC acquired a new stake in PepsiCo in the fourth quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth $38,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the stock. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. upped their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Finally, Citigroup lowered their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $128.22 on Friday. 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 company has a market cap of $175.80 billion, a PE ratio of 18.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45. The company has a 50-day simple moving average of $132.07 and a 200-day simple moving average of $143.22. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share 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 analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 earnings per share. The company's revenue was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.44%. PepsiCo's payout ratio is 83.68%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.