Stablepoint Partners LLC Has $6.15 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Stablepoint Partners LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 13.3% in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 41,009 shares of the company's stock after purchasing an additional 4,827 shares during the period. PepsiCo accounts for about 1.1% of Stablepoint Partners LLC's portfolio, making the stock its 21st biggest holding. Stablepoint Partners LLC's holdings in PepsiCo were worth $6,149,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Consilio Wealth Advisors LLC bought a new position in shares of PepsiCo in the first quarter valued at approximately $274,000. Curat Global LLC bought a new stake in PepsiCo during the first quarter worth $641,000. Generali Investments Management Co LLC increased its position in PepsiCo by 14.7% in the first quarter. Generali Investments Management Co LLC now owns 15,556 shares of the company's stock worth $2,332,000 after buying an additional 1,998 shares during the last quarter. MRA Advisory Group increased its position in PepsiCo by 23.9% in the first quarter. MRA Advisory Group now owns 1,994 shares of the company's stock worth $299,000 after buying an additional 385 shares during the last quarter. Finally, Foster Group Inc. increased its position in PepsiCo by 15.0% in the first quarter. Foster Group Inc. now owns 4,940 shares of the company's stock worth $741,000 after buying an additional 643 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 0.5%

Shares of NASDAQ:PEP opened at $131.11 on Friday. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a market cap of $179.76 billion, a PE ratio of 18.86, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock's 50-day moving average is $136.54 and its 200 day moving average is $146.43.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates 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 analysts' expectations of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. The firm's revenue was down 1.8% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company 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 is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. PepsiCo's dividend payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Wall Street Zen lowered PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Royal Bank of Canada reaffirmed a "sector perform" rating and set a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target 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.

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