Ramsay Stattman Vela & Price Inc. Has $12.48 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Ramsay Stattman Vela & Price Inc. grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.5% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 83,259 shares of the company's stock after buying an additional 7,248 shares during the quarter. PepsiCo accounts for approximately 2.4% of Ramsay Stattman Vela & Price Inc.'s holdings, making the stock its 18th biggest holding. Ramsay Stattman Vela & Price Inc.'s holdings in PepsiCo were worth $12,484,000 at the end of the most recent quarter.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC increased its position in shares of PepsiCo by 1.9% during the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter worth about $2,729,565,000. Northern Trust Corp increased its position in shares of PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Finally, Bank of New York Mellon Corp increased its position in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 0.6%

PepsiCo stock traded down $0.82 during midday trading on Friday, hitting $135.26. 7,958,581 shares of the stock were exchanged, compared to its average volume of 7,077,247. The company has a fifty day simple moving average of $131.49 and a two-hundred day simple moving average of $141.65. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The stock has a market capitalization of $185.45 billion, a PE ratio of 19.89, a P/E/G ratio of 4.26 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data 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 return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the business earned $1.61 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.21%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on PEP shares. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Bank of America lowered their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday. Finally, UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target 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.