Stockman Wealth Management Inc. Purchases 14,169 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Stockman Wealth Management Inc. increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 80,131 shares of the company's stock after buying an additional 14,169 shares during the quarter. PepsiCo accounts for approximately 1.8% of Stockman Wealth Management Inc.'s holdings, making the stock its 20th biggest position. Stockman Wealth Management Inc.'s holdings in PepsiCo were worth $12,015,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth $30,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at about $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research analyst reports. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $0.56 during trading on Monday, reaching $131.41. 11,180,020 shares of the stock were exchanged, compared to its average volume of 6,695,029. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock has a 50-day moving average price of $134.63 and a 200-day moving average price of $144.96. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $180.17 billion, a PE ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued 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 58.87% and a net margin of 10.43%. 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 earned $1.61 EPS. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. 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.