S.E.E.D. Planning Group LLC Buys Shares of 10,710 PepsiCo, Inc. (NASDAQ:PEP)

S.E.E.D. Planning Group LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 10,710 shares of the company's stock, valued at approximately $1,606,000.

Several other institutional investors have also modified their holdings of PEP. Tallon Kerry Patrick purchased a new stake in PepsiCo in the 4th quarter valued at approximately $224,000. Brighton Jones LLC lifted its stake in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo in the 4th quarter valued at approximately $9,268,000. Strategic Blueprint LLC lifted its stake in shares of PepsiCo by 2.6% during the 4th quarter. Strategic Blueprint LLC now owns 15,436 shares of the company's stock worth $2,347,000 after purchasing an additional 391 shares during the period. Finally, Ibex Wealth Advisors purchased a new position in shares of PepsiCo during the 4th quarter worth $217,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.2%

NASDAQ:PEP traded down $0.30 during trading hours on Friday, hitting $131.62. 12,988,871 shares of the stock traded hands, compared to its average volume of 6,558,275. The firm has a 50 day moving average price of $137.98 and a 200 day moving average price of $147.27. 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, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The firm has a market cap of $180.46 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the firm earned $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. Equities research analysts anticipate 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. Investors 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 dividend yield of 4.32%. 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. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research analyst reports. BNP Paribas dropped their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. HSBC dropped their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Morgan Stanley dropped their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. One 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's stock. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $160.69.

About PepsiCo

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.