Windle Wealth LLC Acquires 7,234 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Windle Wealth LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.2% in the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 49,176 shares of the company's stock after purchasing an additional 7,234 shares during the quarter. PepsiCo comprises 3.8% of Windle Wealth LLC's portfolio, making the stock its 19th largest holding. Windle Wealth LLC's holdings in PepsiCo were worth $7,373,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% in the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG increased its holdings in PepsiCo by 2.5% during the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC lifted its position in PepsiCo by 22.7% during the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock worth $677,000 after buying an additional 824 shares in the last quarter. Quantbot Technologies LP acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $555,000. Finally, Runnymede Capital Advisors Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $40,000. Institutional investors own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts recently commented on PEP shares. Bank of America dropped their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research note on Friday. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. One investment 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. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Down 1.1%

Shares of NASDAQ:PEP traded down $1.54 during mid-day trading on Monday, hitting $141.70. 9,002,722 shares of the company traded hands, compared to its average volume of 7,246,734. The stock has a market cap of $194.00 billion, a P/E ratio of 18.20, a P/E/G ratio of 4.38 and a beta of 0.45. The stock has a 50-day moving average price of $132.23 and a two-hundred day moving average price of $141.04. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. PepsiCo's quarterly revenue was up 1.0% compared to the same quarter last year. During the same period last year, the company posted $2.28 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.02%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

About PepsiCo

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.