Perennial Advisors LLC Makes New $649,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Perennial Advisors LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 4,326 shares of the company's stock, valued at approximately $649,000.

Other large investors have also made changes to their positions in the company. Eagle Wealth Strategies LLC raised its stake in shares of PepsiCo by 9.7% in the first quarter. Eagle Wealth Strategies LLC now owns 3,075 shares of the company's stock valued at $461,000 after acquiring an additional 273 shares during the last quarter. Sivia Capital Partners LLC increased its holdings in PepsiCo by 12.1% during the 1st quarter. Sivia Capital Partners LLC now owns 2,737 shares of the company's stock valued at $410,000 after purchasing an additional 296 shares in the last quarter. Perkins Coie Trust Co raised its position in PepsiCo by 0.3% in the 1st quarter. Perkins Coie Trust Co now owns 32,642 shares of the company's stock valued at $4,894,000 after purchasing an additional 104 shares during the last quarter. Piscataqua Savings Bank boosted its stake in PepsiCo by 2.0% in the first quarter. Piscataqua Savings Bank now owns 8,450 shares of the company's stock worth $1,267,000 after purchasing an additional 165 shares in the last quarter. Finally, Godsey & Gibb Inc. increased its stake in shares of PepsiCo by 10.9% in the first quarter. Godsey & Gibb Inc. now owns 130,283 shares of the company's stock valued at $19,535,000 after buying an additional 12,789 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.8%

PepsiCo stock opened at $130.03 on Friday. The company's 50 day simple moving average is $136.15 and its 200 day simple moving average is $146.16. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The firm has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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 58.87% and a net margin of 10.43%. 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. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.38%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is presently 83.68%.

Analyst Ratings Changes

Several equities research analysts have weighed in on PEP shares. 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. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of "Hold" and a consensus target price of $160.69.

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.

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