Stephens Inc. AR Has $19.02 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stephens Inc. AR boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 41.4% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 126,875 shares of the company's stock after purchasing an additional 37,119 shares during the quarter. Stephens Inc. AR's holdings in PepsiCo were worth $19,024,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors also recently bought and sold shares of the company. TAGStone Capital Inc. increased its holdings in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after purchasing an additional 70 shares during the period. Lokken Investment Group LLC grew its position in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after buying an additional 70 shares in the last quarter. Legacy Financial Group LLC increased its stake in PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Atlantic Private Wealth LLC raised its holdings in PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares in the last quarter. Finally, Pflug Koory LLC grew its holdings in shares of PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research analysts recently commented on the company. Barclays cut their target price on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. UBS Group lowered their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. JPMorgan Chase & Co. cut their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research note on Thursday. Finally, Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $158.19.

PepsiCo Price Performance

PEP traded down $0.82 during midday trading on Friday, hitting $135.26. The company had a trading volume of 7,958,581 shares, compared to its average volume of 7,078,854. The company has a market capitalization of $185.45 billion, a PE ratio of 19.89, a P/E/G ratio of 4.23 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The firm's 50-day simple moving average is $131.49 and its 200-day simple moving average is $141.58. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.21%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's payout ratio is 83.68%.

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.