NBC Securities Inc. Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

NBC Securities Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 111,652.0% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 27,938 shares of the company's stock after buying an additional 27,913 shares during the period. NBC Securities Inc.'s holdings in PepsiCo were worth $4,189,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. Talbot Financial LLC increased its position in shares of PepsiCo by 1.9% in the first quarter. Talbot Financial LLC now owns 56,133 shares of the company's stock worth $8,417,000 after purchasing an additional 1,050 shares during the period. Douglas Lane & Associates LLC increased its position in shares of PepsiCo by 6.5% in the first quarter. Douglas Lane & Associates LLC now owns 235,349 shares of the company's stock worth $35,288,000 after purchasing an additional 14,427 shares during the period. American National Bank & Trust increased its position in shares of PepsiCo by 213.4% in the first quarter. American National Bank & Trust now owns 84,942 shares of the company's stock worth $12,736,000 after purchasing an additional 57,840 shares during the period. Dakota Community Bank & Trust NA boosted its stake in PepsiCo by 29.3% in the first quarter. Dakota Community Bank & Trust NA now owns 2,543 shares of the company's stock valued at $381,000 after buying an additional 577 shares in the last quarter. Finally, Czech National Bank boosted its stake in PepsiCo by 5.9% in the first quarter. Czech National Bank now owns 315,012 shares of the company's stock valued at $47,233,000 after buying an additional 17,537 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Trading Down 0.6%

PEP stock traded down $0.78 during mid-day trading on Thursday, reaching $130.96. The company's stock had a trading volume of 3,989,102 shares, compared to its average volume of 6,560,732. The company has a market cap of $179.56 billion, a price-to-earnings ratio of 18.84, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The business's 50 day moving average price is $136.92 and its 200 day moving average price is $146.62. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. On average, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.34%. PepsiCo's payout ratio is currently 83.68%.

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.