PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Rockingstone Advisors LLC

Rockingstone Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 6,349 shares of the company’s stock after purchasing an additional 183 shares during the period. Rockingstone Advisors LLC’s holdings in PepsiCo were worth $952,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Integrated Advisors Network LLC boosted its holdings in shares of PepsiCo by 107.1% in the first quarter. Integrated Advisors Network LLC now owns 35,757 shares of the company’s stock valued at $5,361,000 after acquiring an additional 18,489 shares in the last quarter. Ipsen Advisor Group LLC boosted its holdings in shares of PepsiCo by 2.7% in the first quarter. Ipsen Advisor Group LLC now owns 3,174 shares of the company’s stock valued at $476,000 after acquiring an additional 84 shares in the last quarter. Oak Family Advisors LLC bought a new position in shares of PepsiCo in the first quarter valued at approximately $3,259,000. Atwood & Palmer Inc. boosted its holdings in shares of PepsiCo by 2.4% in the first quarter. Atwood & Palmer Inc. now owns 14,093 shares of the company’s stock valued at $2,113,000 after acquiring an additional 331 shares in the last quarter. Finally, Sonora Investment Management Group LLC boosted its holdings in shares of PepsiCo by 0.3% in the first quarter. Sonora Investment Management Group LLC now owns 101,777 shares of the company’s stock valued at $15,260,000 after acquiring an additional 272 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 1.4%

Shares of NASDAQ:PEP opened at $131.83 on Wednesday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market cap of $180.75 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The firm has a 50 day simple moving average of $135.37 and a 200 day simple moving average of $145.74.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. The firm’s revenue was down 1.8% compared to the same quarter last year. As a group, research analysts expect 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 will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo’s dividend payout ratio is presently 83.68%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Citigroup reduced their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Royal Bank of Canada restated a “sector perform” rating and set a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Company 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.