Xponance Inc. Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Xponance Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 1.4% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 301,621 shares of the company's stock after purchasing an additional 4,308 shares during the period. PepsiCo makes up 0.4% of Xponance Inc.'s portfolio, making the stock its 28th largest holding. Xponance Inc.'s holdings in PepsiCo were worth $45,225,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $33,000. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on PEP shares. Barclays dropped their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a report on Monday, April 28th. Morgan Stanley dropped their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. Bank of America dropped their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday. Finally, UBS Group lowered their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $158.19.

PepsiCo Stock Down 0.6%

Shares of NASDAQ PEP traded down $0.82 during midday trading on Friday, hitting $135.26. The company's stock had a trading volume of 7,958,581 shares, compared to its average volume of 7,077,247. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The business's fifty day simple moving average is $131.46 and its two-hundred day simple moving average is $141.78. 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 firm has a market capitalization of $185.45 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 4.26 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 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the firm earned $1.61 EPS. The firm's revenue was down 1.8% compared to the same quarter last year. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) 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.