PepsiCo, Inc. (PEP) Stake Boosted by Hyman Charles D

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Hyman Charles D grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 170,512 shares of the company’s stock after purchasing an additional 1,855 shares during the quarter. PepsiCo makes up approximately 2.1% of Hyman Charles D’s portfolio, making the stock its 11th largest holding. Hyman Charles D’s holdings in PepsiCo were worth $18,611,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also recently added to or reduced their stakes in the company. ING Groep NV increased its position in PepsiCo by 47.3% during the first quarter. ING Groep NV now owns 175,925 shares of the company’s stock worth $19,202,000 after acquiring an additional 56,476 shares during the period. Keeler Thomas Management LLC increased its position in PepsiCo by 3.2% during the first quarter. Keeler Thomas Management LLC now owns 21,586 shares of the company’s stock worth $2,356,000 after acquiring an additional 675 shares during the period. Synovus Financial Corp increased its position in PepsiCo by 0.7% during the first quarter. Synovus Financial Corp now owns 192,254 shares of the company’s stock worth $20,985,000 after acquiring an additional 1,278 shares during the period. Montag A & Associates Inc. increased its position in PepsiCo by 2.9% during the first quarter. Montag A & Associates Inc. now owns 64,391 shares of the company’s stock worth $7,028,000 after acquiring an additional 1,793 shares during the period. Finally, Penobscot Investment Management Company Inc. increased its position in PepsiCo by 27.6% during the first quarter. Penobscot Investment Management Company Inc. now owns 53,892 shares of the company’s stock worth $5,882,000 after acquiring an additional 11,673 shares during the period. 69.69% of the stock is currently owned by institutional investors.

Shares of NASDAQ:PEP opened at $108.68 on Friday. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a debt-to-equity ratio of 2.91, a quick ratio of 1.15 and a current ratio of 1.28. The firm has a market capitalization of $153.20 billion, a PE ratio of 20.78, a PEG ratio of 2.50 and a beta of 0.68.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 26th. The company reported $0.96 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.93 by $0.03. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The company had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.37 billion. During the same quarter in the previous year, the company earned $0.94 EPS. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. sell-side analysts forecast that PepsiCo, Inc. will post 5.67 EPS for the current year.

The company also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Stockholders of record on Friday, June 1st will be paid a $0.9275 dividend. This represents a $3.71 annualized dividend and a dividend yield of 3.41%. The ex-dividend date is Thursday, May 31st. This is an increase from PepsiCo’s previous quarterly dividend of $0.81. PepsiCo’s payout ratio is currently 70.94%.

A number of equities analysts recently issued reports on PEP shares. BidaskClub raised shares of PepsiCo from a “strong sell” rating to a “sell” rating in a research report on Thursday, May 24th. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday. Goldman Sachs Group reiterated a “sell” rating on shares of PepsiCo in a research note on Tuesday, April 17th. Stifel Nicolaus decreased their price target on shares of PepsiCo from $120.00 to $110.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. Finally, Susquehanna Bancshares set a $130.00 price target on shares of PepsiCo and gave the stock a “buy” rating in a research note on Friday, May 4th. Three analysts have rated the stock with a sell rating, eight have issued a hold rating and six have given a buy rating to the company’s stock. The company presently has a consensus rating of “Hold” and an average target price of $120.36.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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