TrueMark Investments LLC Acquires 3,539 Shares of PepsiCo, Inc. (NASDAQ:PEP)

TrueMark Investments LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.5% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm owned 34,364 shares of the company's stock after buying an additional 3,539 shares during the period. PepsiCo makes up about 1.4% of TrueMark Investments LLC's holdings, making the stock its 26th largest holding. TrueMark Investments LLC's holdings in PepsiCo were worth $5,153,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new position in PepsiCo during the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the fourth quarter worth about $31,000. Summit Securities Group LLC bought a new stake in PepsiCo during the fourth quarter worth about $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in PepsiCo during the fourth quarter worth about $38,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of several research analyst reports. Barclays dropped their price target 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. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.02 during trading hours on Monday, reaching $129.09. 12,835,321 shares of the company traded hands, compared to its average volume of 6,815,709. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market cap of $176.99 billion, a P/E ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.46. The firm has a 50-day moving average price of $132.83 and a 200 day moving average price of $143.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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 return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the company earned $1.61 earnings per share. The firm's revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared 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 yield of 4.41%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 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.