Asset Planning Services Ltd. raised its stake in shares of Pepsico, Inc. (NYSE:PEP) by 66.1% during the first quarter, Holdings Channel reports. The fund owned 1,003 shares of the company’s stock after buying an additional 399 shares during the period. Asset Planning Services Ltd.’s holdings in Pepsico were worth $112,000 at the end of the most recent reporting period.

Other institutional investors have also added to or reduced their stakes in the company. Gierl Augustine Investment Management Inc raised its stake in shares of Pepsico by 0.8% in the first quarter. Gierl Augustine Investment Management Inc now owns 1,846 shares of the company’s stock valued at $207,000 after buying an additional 14 shares in the last quarter. Univest Corp of Pennsylvania raised its stake in shares of Pepsico by 0.7% in the first quarter. Univest Corp of Pennsylvania now owns 2,350 shares of the company’s stock valued at $263,000 after buying an additional 17 shares in the last quarter. Highland Private Wealth Management raised its stake in shares of Pepsico by 0.5% in the fourth quarter. Highland Private Wealth Management now owns 3,574 shares of the company’s stock valued at $374,000 after buying an additional 18 shares in the last quarter. Nadler Financial Group Inc. raised its stake in shares of Pepsico by 0.5% in the first quarter. Nadler Financial Group Inc. now owns 6,354 shares of the company’s stock valued at $711,000 after buying an additional 34 shares in the last quarter. Finally, Investec Asset Management PTY Ltd raised its stake in shares of Pepsico by 0.4% in the fourth quarter. Investec Asset Management PTY Ltd now owns 11,808 shares of the company’s stock valued at $1,237,000 after buying an additional 44 shares in the last quarter. Hedge funds and other institutional investors own 71.25% of the company’s stock.

Institutional Ownership by Quarter for Pepsico (NYSE:PEP)

Pepsico, Inc. (PEP) opened at 116.32 on Wednesday. The firm’s 50-day moving average price is $114.80 and its 200-day moving average price is $109.18. Pepsico, Inc. has a 12-month low of $98.50 and a 12-month high of $118.12. The company has a market cap of $166.16 billion, a P/E ratio of 25.06 and a beta of 0.68.

Pepsico (NYSE:PEP) last released its earnings results on Wednesday, April 26th. The company reported $0.94 earnings per share for the quarter, topping analysts’ consensus estimates of $0.91 by $0.03. Pepsico had a return on equity of 58.42% and a net margin of 10.66%. The business had revenue of $12.05 billion for the quarter, compared to the consensus estimate of $11.98 billion. During the same period last year, the business earned $0.89 earnings per share. The firm’s revenue for the quarter was up 1.6% compared to the same quarter last year. Analysts expect that Pepsico, Inc. will post $5.15 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be issued a dividend of $0.805 per share. This represents a $3.22 dividend on an annualized basis and a yield of 2.77%. This is an increase from Pepsico’s previous quarterly dividend of $0.75. The ex-dividend date of this dividend is Wednesday, May 31st. Pepsico’s payout ratio is presently 69.40%.

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Several equities research analysts have commented on the company. Jefferies Group LLC upped their price target on Pepsico from $120.00 to $127.00 and gave the stock a “buy” rating in a research note on Wednesday, April 19th. BMO Capital Markets lowered Pepsico from an “outperform” rating to a “market perform” rating and upped their price target for the stock from $118.00 to $120.00 in a research note on Wednesday, June 7th. They noted that the move was a valuation call. Royal Bank Of Canada restated a “hold” rating and set a $115.00 price target on shares of Pepsico in a research note on Thursday, May 25th. Stifel Nicolaus restated a “hold” rating on shares of Pepsico in a research note on Wednesday, May 31st. Finally, Barclays PLC restated a “hold” rating and set a $113.00 price target on shares of Pepsico in a research note on Friday, April 28th. One analyst has rated the stock with a sell rating, five have assigned a hold rating, thirteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus target price of $120.66.

Pepsico Company Profile

PepsiCo, Inc is a global food and beverage company. The Company’s portfolio of brands includes Frito-Lay, Gatorade, Pepsi-Cola, Quaker and Tropicana. The Company operates through six segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), North America Beverages (NAB), Latin America, Europe Sub-Saharan Africa (ESSA), and Asia, Middle East and North Africa (AMENA).

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