Ritholtz Wealth Management Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ritholtz Wealth Management boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,135 shares of the company's stock after purchasing an additional 4,005 shares during the quarter. Ritholtz Wealth Management's holdings in PepsiCo were worth $2,569,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in PEP. Dynamic Advisor Solutions LLC increased its position in shares of PepsiCo by 16.4% in the 1st quarter. Dynamic Advisor Solutions LLC now owns 55,157 shares of the company's stock worth $8,270,000 after purchasing an additional 7,785 shares during the last quarter. Tcfg Wealth Management LLC grew its stake in PepsiCo by 115.7% in the first quarter. Tcfg Wealth Management LLC now owns 4,180 shares of the company's stock worth $627,000 after purchasing an additional 2,242 shares in the last quarter. Missouri Trust & Investment Co raised its stake in PepsiCo by 20.8% during the first quarter. Missouri Trust & Investment Co now owns 8,762 shares of the company's stock valued at $1,314,000 after buying an additional 1,507 shares in the last quarter. Dover Advisors LLC lifted its holdings in PepsiCo by 10.7% during the 1st quarter. Dover Advisors LLC now owns 16,774 shares of the company's stock worth $2,515,000 after buying an additional 1,628 shares during the last quarter. Finally, Everpar Advisors LLC grew its position in shares of PepsiCo by 15.9% in the 1st quarter. Everpar Advisors LLC now owns 3,516 shares of the company's stock worth $527,000 after acquiring an additional 482 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities analysts recently issued reports on PEP shares. Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. JPMorgan Chase & Co. boosted their price objective 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. Royal Bank of Canada reiterated a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Trading Down 1.1%

NASDAQ:PEP opened at $130.85 on Monday. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The business has a fifty day moving average of $134.63 and a 200-day moving average of $144.96. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. PepsiCo's dividend 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.

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