Towerpoint Wealth LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Towerpoint Wealth LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 194.6% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 5,810 shares of the company's stock after buying an additional 3,838 shares during the period. Towerpoint Wealth LLC's holdings in PepsiCo were worth $871,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Collier Financial bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $28,000. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter valued at approximately $31,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Trading Down 0.7%

Shares of NASDAQ PEP traded down $0.88 during mid-day trading on Thursday, reaching $130.86. The company had a trading volume of 5,084,305 shares, compared to its average volume of 7,793,783. The business's 50-day moving average is $136.92 and its 200-day moving average 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. The stock has a market cap of $179.42 billion, a price-to-earnings ratio of 18.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company 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% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.61 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm 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 dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.35%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research report on Thursday, April 24th. CICC Research restated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research report on Wednesday, February 5th. Finally, Morgan Stanley dropped their price target 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. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $160.69.

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.