PepsiCo, Inc. (NASDAQ:PEP) Stock Position Increased by First Personal Financial Services

First Personal Financial Services boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.0% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 32,470 shares of the company’s stock after buying an additional 623 shares during the quarter. PepsiCo accounts for approximately 1.5% of First Personal Financial Services’ investment portfolio, making the stock its 27th largest position. First Personal Financial Services’ holdings in PepsiCo were worth $5,919,000 at the end of the most recent quarter.

Other hedge funds have also recently bought and sold shares of the company. Moneta Group Investment Advisors LLC grew its holdings in shares of PepsiCo by 95,514.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after acquiring an additional 42,831,405 shares during the last quarter. Morgan Stanley increased its stake in PepsiCo by 21.0% in the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. Geode Capital Management LLC raised its holdings in PepsiCo by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 25,637,180 shares of the company’s stock worth $4,622,579,000 after buying an additional 267,641 shares during the period. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 7.4% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 17,008,172 shares of the company’s stock valued at $3,072,696,000 after buying an additional 1,175,427 shares in the last quarter. Finally, Norges Bank acquired a new position in shares of PepsiCo in the fourth quarter worth about $2,519,707,000. 75.46% of the stock is owned by institutional investors and hedge funds.

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PepsiCo Stock Down 1.9 %

PEP stock opened at $183.08 on Monday. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.65. The company has a 50-day moving average of $186.58 and a two-hundred day moving average of $181.93. The stock has a market capitalization of $252.23 billion, a price-to-earnings ratio of 38.54, a price-to-earnings-growth ratio of 3.20 and a beta of 0.53. PepsiCo, Inc. has a 52-week low of $160.98 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP – Free Report) last issued its quarterly earnings results on Tuesday, April 25th. The company reported $1.50 EPS for the quarter, topping the consensus estimate of $1.37 by $0.13. The company had revenue of $17.85 billion for the quarter, compared to the consensus estimate of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The company’s revenue for the quarter was up 10.2% on a year-over-year basis. During the same period in the previous year, the business posted $1.29 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 7.29 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 2.76%. The ex-dividend date was Thursday, June 1st. This is a boost from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s dividend payout ratio (DPR) is presently 106.53%.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. Wells Fargo & Company upped their price target on shares of PepsiCo from $187.00 to $196.00 in a research report on Wednesday, April 26th. JPMorgan Chase & Co. increased their target price on PepsiCo from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $188.00 to $193.00 in a research report on Wednesday, April 26th. StockNews.com initiated coverage on PepsiCo in a research report on Thursday, May 18th. They set a “buy” rating for the company. Finally, Barclays increased their price target on shares of PepsiCo from $201.00 to $206.00 in a research report on Thursday, April 27th. One analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $190.25.

PepsiCo Company Profile

(Free Report)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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