Phraction Management LLC Acquires 7,735 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Phraction Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 175.8% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,135 shares of the company's stock after purchasing an additional 7,735 shares during the period. Phraction Management LLC's holdings in PepsiCo were worth $1,820,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. WealthTrak Capital Management LLC bought a new stake in PepsiCo in the fourth quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo during the 4th quarter valued at about $31,000. Summit Securities Group LLC acquired a new position in PepsiCo in the fourth quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in PepsiCo during the fourth quarter worth about $38,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently commented on the company. Citigroup decreased their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. 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 note on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. One 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. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Trading Up 0.9%

Shares of PepsiCo stock traded up $1.22 during trading hours on Wednesday, hitting $136.48. The company's stock had a trading volume of 9,386,258 shares, compared to its average volume of 7,030,760. The company has a market capitalization of $187.12 billion, a PE ratio of 20.07, a price-to-earnings-growth ratio of 4.13 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock has a 50 day moving average of $131.47 and a 200 day moving average of $142.58. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

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 the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. During the same period in the prior year, the company earned $1.61 earnings per share. The firm's quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were issued a $1.4225 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.17%. PepsiCo's dividend payout ratio (DPR) is presently 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.