PepsiCo, Inc. (NASDAQ:PEP) Stock Holdings Lifted by TruNorth Capital Management LLC

TruNorth Capital Management LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3,146.2% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 2,110 shares of the company's stock after purchasing an additional 2,045 shares during the quarter. TruNorth Capital Management LLC's holdings in PepsiCo were worth $316,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Asset Management One Co. Ltd. grew its position in shares of PepsiCo by 3.6% in the 1st quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock worth $94,598,000 after acquiring an additional 21,859 shares in the last quarter. Ossiam grew its position in shares of PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp grew its position in shares of PepsiCo by 12.1% in the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after acquiring an additional 13,461 shares in the last quarter. Sumitomo Mitsui DS Asset Management Company Ltd grew its position in shares of PepsiCo by 2.3% in the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company's stock worth $40,624,000 after acquiring an additional 6,112 shares in the last quarter. Finally, Hutner Capital Management Inc. grew its position in shares of PepsiCo by 14.6% in the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after acquiring an additional 6,865 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Barclays decreased their target price on PepsiCo from $135.00 to $132.00 and set an "equal weight" rating for the company in a research report on Tuesday. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Finally, Morgan Stanley cut their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat.com, PepsiCo has an average rating of "Hold" and a consensus target price of $158.00.

PepsiCo Stock Performance

PEP stock traded up $1.54 during trading on Wednesday, reaching $135.35. 10,923,842 shares of the company's stock were exchanged, compared to its average volume of 7,127,899. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company's fifty day moving average price is $131.62 and its 200-day moving average price is $141.33. The firm has a market cap of $185.58 billion, a PE ratio of 19.90, a P/E/G ratio of 4.18 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.20%. 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.