Thompson Investment Management Inc. Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Thompson Investment Management Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 109.5% during the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 69,942 shares of the company's stock after buying an additional 36,549 shares during the period. PepsiCo makes up approximately 1.6% of Thompson Investment Management Inc.'s portfolio, making the stock its 12th biggest holding. Thompson Investment Management Inc.'s holdings in PepsiCo were worth $10,487,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently modified their holdings of PEP. Alpha Omega Wealth Management LLC grew its stake in shares of PepsiCo by 2.1% during the 1st quarter. Alpha Omega Wealth Management LLC now owns 17,747 shares of the company's stock worth $2,661,000 after acquiring an additional 370 shares during the period. Investment Partners Asset Management Inc. increased its stake in shares of PepsiCo by 35.4% in the first quarter. Investment Partners Asset Management Inc. now owns 5,385 shares of the company's stock worth $807,000 after purchasing an additional 1,407 shares in the last quarter. Trinity Financial Advisors LLC lifted its stake in shares of PepsiCo by 34.2% during the 1st quarter. Trinity Financial Advisors LLC now owns 3,523 shares of the company's stock valued at $528,000 after buying an additional 898 shares in the last quarter. Laurel Wealth Advisors LLC grew its stake in PepsiCo by 1.5% in the 1st quarter. Laurel Wealth Advisors LLC now owns 26,795 shares of the company's stock valued at $4,018,000 after buying an additional 406 shares in the last quarter. Finally, Virginia Wealth Management Group Inc. boosted its holdings in shares of PepsiCo by 0.4% in the first quarter. Virginia Wealth Management Group Inc. now owns 23,018 shares of the company's stock worth $3,451,000 after acquiring an additional 82 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $1.98 during mid-day trading on Thursday, hitting $131.88. 5,421,199 shares of the company's stock traded hands, compared to its average volume of 7,865,719. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company's 50-day moving average is $135.04 and its two-hundred day moving average is $145.63. The company has a market capitalization of $180.82 billion, a P/E ratio of 18.98, a PEG ratio of 3.09 and a beta of 0.45.

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 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 company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research note on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Finally, Royal Bank of Canada reissued a "sector perform" rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price 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.