Tcfg Wealth Management LLC Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Tcfg Wealth Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 115.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 4,180 shares of the company's stock after buying an additional 2,242 shares during the period. Tcfg Wealth Management LLC's holdings in PepsiCo were worth $627,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in PEP. Vanguard Group Inc. boosted its holdings in PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. Geode Capital Management LLC boosted its stake in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Norges Bank purchased a new position in shares of PepsiCo in the fourth quarter worth $2,729,565,000. Finally, Northern Trust Corp raised its holdings in PepsiCo by 8.7% during the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on PEP. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Royal Bank of Canada restated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Barclays dropped 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. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Up 0.2%

PEP traded up $0.26 during midday trading on Monday, reaching $131.11. The company's stock had a trading volume of 2,654,213 shares, compared to its average volume of 6,662,098. The stock's 50-day moving average is $134.63 and its 200-day moving average is $144.96. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The firm has a market capitalization of $179.77 billion, a price-to-earnings ratio of 18.86, a PEG ratio of 3.09 and a beta of 0.45. 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 (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the business earned $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced 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. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.34%. PepsiCo's payout ratio is 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.