QS Investors LLC Acquires 6,943 Shares of PepsiCo, Inc. (NASDAQ:PEP)

QS Investors LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.4% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 213,104 shares of the company’s stock after acquiring an additional 6,943 shares during the period. QS Investors LLC’s holdings in PepsiCo were worth $30,144,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Meridian Financial Partners LLC boosted its holdings in shares of PepsiCo by 3.4% in the 1st quarter. Meridian Financial Partners LLC now owns 2,136 shares of the company’s stock valued at $311,000 after buying an additional 70 shares in the last quarter. Hoese & Co LLP boosted its stake in PepsiCo by 3.6% in the 1st quarter. Hoese & Co LLP now owns 2,005 shares of the company’s stock worth $284,000 after purchasing an additional 70 shares in the last quarter. Profit Investment Management LLC boosted its stake in PepsiCo by 1.7% in the 1st quarter. Profit Investment Management LLC now owns 4,192 shares of the company’s stock worth $593,000 after purchasing an additional 71 shares in the last quarter. Lbmc Investment Advisors LLC boosted its stake in PepsiCo by 1.8% in the 1st quarter. Lbmc Investment Advisors LLC now owns 3,920 shares of the company’s stock worth $554,000 after purchasing an additional 71 shares in the last quarter. Finally, Financial Planning & Information Services Inc. boosted its stake in PepsiCo by 3.8% in the 1st quarter. Financial Planning & Information Services Inc. now owns 1,998 shares of the company’s stock worth $283,000 after purchasing an additional 73 shares in the last quarter. Hedge funds and other institutional investors own 70.64% of the company’s stock.

Several brokerages have commented on PEP. Morgan Stanley lifted their price objective on shares of PepsiCo from $158.00 to $165.00 and gave the company an “overweight” rating in a research note on Friday, April 16th. UBS Group upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $145.00 to $165.00 in a research note on Wednesday, April 21st. Guggenheim restated a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $147.00 to $149.00 and gave the company a “hold” rating in a report on Thursday. Finally, Wolfe Research assumed coverage on shares of PepsiCo in a report on Monday, April 12th. They set a “peer perform” rating for the company. One research analyst has rated the stock with a sell rating, five have issued a hold rating and seven have assigned a buy rating to the stock. The company presently has a consensus rating of “Hold” and a consensus price target of $149.38.

In related news, CEO Silviu Popovici sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 7th. The shares were sold at an average price of $145.40, for a total transaction of $2,908,000.00. Following the sale, the chief executive officer now directly owns 75,886 shares in the company, valued at $11,033,824.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Shares of PEP stock traded up $0.70 on Thursday, hitting $145.55. 106,663 shares of the stock traded hands, compared to its average volume of 5,445,150. The company’s 50-day moving average price is $146.16. PepsiCo, Inc. has a twelve month low of $128.05 and a twelve month high of $149.27. The company has a quick ratio of 0.73, a current ratio of 0.93 and a debt-to-equity ratio of 2.77. The company has a market capitalization of $201.10 billion, a PE ratio of 26.82, a PEG ratio of 3.06 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 14th. The company reported $1.21 EPS for the quarter, beating the Zacks’ consensus estimate of $1.12 by $0.09. PepsiCo had a net margin of 10.51% and a return on equity of 58.55%. The company had revenue of $14.82 billion for the quarter, compared to analysts’ expectations of $14.54 billion. During the same quarter in the prior year, the company posted $1.07 earnings per share. PepsiCo’s revenue for the quarter was up 6.8% compared to the same quarter last year. As a group, equities research analysts expect that PepsiCo, Inc. will post 6.05 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 30th. Shareholders of record on Friday, June 4th will be paid a dividend of $1.075 per share. The ex-dividend date is Thursday, June 3rd. This is a positive change from PepsiCo’s previous quarterly dividend of $1.02. This represents a $4.30 dividend on an annualized basis and a yield of 2.95%. PepsiCo’s dividend payout ratio is 77.90%.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company 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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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