Symmetry Partners LLC boosted its holdings in PepsiCo, Inc. (NASDAQ: PEP – Get Rating) by 81.1% in the first quarter, Holdings Channel reports. The institutional investor owned 30,399 shares of the company stock after buying an additional 13,609 shares during the period. Symmetry Partners LLC’s holdings in PepsiCo were worth $ 5,088,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. West Oak Capital LLC raised its holdings in PepsiCo by 0.4% in the 4th quarter. West Oak Capital LLC now owns 14,389 shares of the company stock valued at $ 2,500,000 after buying an additional 60 shares during the last quarter. Lenox Wealth Advisors LLC raised its holdings in PepsiCo by 4.1% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company stock valued at $ 266,000 after buying an additional 60 shares during the last quarter. Colton Groome Financial Advisors LLC raised its holdings in PepsiCo by 1.4% in the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company stock valued at $ 757,000 after buying an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC raised its holdings in PepsiCo by 3.5% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company stock worth $ 305,000 after purchasing an additional 60 shares during the last quarter. Finally, Donald L. Hagan LLC raised its holdings in PepsiCo by 1.2% during the 4th quarter. Donald L. Hagan LLC now owns 5,118 shares of the company stock worth $ 889,000 after purchasing an additional 60 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company stock.
PEP has been the subject of several analyst reports. Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $ 173.00 to $ 175.00 in a report on Wednesday, April 27th. Credit Suisse Group raised their price target on shares of PepsiCo from $ 163.00 to $ 168.00 in a report on Wednesday, April 27th. Citigroup raised their price target on shares of PepsiCo from $ 194.00 to $ 198.00 in a report on Wednesday, April 27th. StockNews.com started coverage on shares of PepsiCo in a research report on Thursday, March 31st. They set a “buy” rating for the company. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $ 175.00 to $ 170.00 and set an “equal weight” rating for the company in a research report on Wednesday, March 9th. Seven analysts have rated the stock with a hold rating and nine have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $ 176.33.
In other PepsiCo news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $ 175.61, for a total transaction of $ 800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares of the company stock, valued at approximately $ 1,453,523.97. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $ 175.11, for a total value of $ 901,816.50. Following the sale, the executive vice president now owns 28,275 shares in the company, valued at $ 4,951,235.25. The disclosure for this sale can be found here. 0.12% of the stock is owned by insiders.
NASDAQ PEP opened at $ 157.06 on Friday. The company has a fifty day simple moving average of $ 167.60 and a 200 day simple moving average of $ 168.41. PepsiCo, Inc. has a 12-month low of $ 144.61 and a 12-month high of $ 177.62. The company has a current ratio of 0.87, a quick ratio of 0.68 and a debt-to-equity ratio of 1.89. The company has a market cap of $ 217.16 billion, a P / E ratio of 21.49, a PEG ratio of 3.12 and a beta of 0.59.
PepsiCo (NASDAQ: PEP – Get Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $ 1.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $ 1.24 by $ 0.05. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business had revenue of $ 16.20 billion during the quarter, compared to the estimate consensus of $ 15.54 billion. During the same quarter last year, the firm posted $ 1.21 EPS. PepsiCo’s revenue was up 9.3% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a dividend of $ 1.15 per share. This represents a $ 4.60 dividend on an annualized basis and a yield of 2.93%. This is an increase from PepsiCo’s previous quarterly dividend of $ 1.08. The ex-dividend date is Thursday, June 2nd. PepsiCo’s payout ratio is currently 62.93%.
About PepsiCo: (Get Rating)
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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