Sweeney & Michel LLC Purchases Shares of 4,070 PepsiCo, Inc. (NASDAQ:PEP)

Sweeney & Michel LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent filing with the SEC. The fund purchased 4,070 shares of the company's stock, valued at approximately $571,000.

A number of other institutional investors and hedge funds have also made changes to their positions in PEP. Tallon Kerry Patrick acquired a new stake in PepsiCo in the 4th quarter valued at $224,000. Brighton Jones LLC lifted its position in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA bought a new position in shares of PepsiCo during the fourth quarter worth about $9,268,000. Clear Creek Financial Management LLC lifted its position in shares of PepsiCo by 43.4% during the fourth quarter. Clear Creek Financial Management LLC now owns 5,304 shares of the company's stock worth $806,000 after purchasing an additional 1,604 shares during the last quarter. Finally, Chicago Partners Investment Group LLC lifted its position in shares of PepsiCo by 5.6% during the fourth quarter. Chicago Partners Investment Group LLC now owns 15,093 shares of the company's stock worth $2,212,000 after purchasing an additional 807 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on PEP shares. JPMorgan Chase & Co. increased their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. UBS Group lowered their price objective 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. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Wells Fargo & Company reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a report on Wednesday, February 5th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Performance

Shares of PEP stock traded down $0.78 during midday trading on Thursday, hitting $130.96. 3,989,102 shares of the company were exchanged, compared to its average volume of 6,560,732. The firm has a market capitalization of $179.56 billion, a P/E ratio of 18.84, a PEG ratio of 3.09 and a beta of 0.47. 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 firm's 50 day moving average price is $136.92 and its two-hundred day moving average price is $146.62. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 EPS. As a group, 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 declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. 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.