Dynamic Advisor Solutions LLC Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Dynamic Advisor Solutions LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 14.0% in the first quarter, Holdings Channel.com reports. The institutional investor owned 49,711 shares of the company’s stock after acquiring an additional 6,089 shares during the period. Dynamic Advisor Solutions LLC’s holdings in PepsiCo were worth $8,700,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fermata Advisors LLC bought a new position in PepsiCo during the first quarter valued at approximately $205,000. West Coast Financial LLC lifted its stake in shares of PepsiCo by 0.3% in the 1st quarter. West Coast Financial LLC now owns 85,232 shares of the company’s stock valued at $14,917,000 after purchasing an additional 278 shares during the last quarter. Mechanics Bank Trust Department lifted its stake in shares of PepsiCo by 6.7% in the 1st quarter. Mechanics Bank Trust Department now owns 31,251 shares of the company’s stock valued at $5,469,000 after purchasing an additional 1,953 shares during the last quarter. Jacobs & Co. CA lifted its stake in shares of PepsiCo by 5.5% in the 1st quarter. Jacobs & Co. CA now owns 79,644 shares of the company’s stock valued at $13,938,000 after purchasing an additional 4,129 shares during the last quarter. Finally, Capital Advisors Wealth Management LLC lifted its stake in shares of PepsiCo by 137.8% in the 1st quarter. Capital Advisors Wealth Management LLC now owns 4,589 shares of the company’s stock valued at $803,000 after purchasing an additional 2,659 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Company insiders own 0.14% of the company’s stock.

PepsiCo Trading Down 0.4 %

PEP traded down $0.65 during trading on Tuesday, hitting $167.43. 2,229,126 shares of the stock were exchanged, compared to its average volume of 5,490,954. The firm has a 50 day simple moving average of $173.73 and a 200 day simple moving average of $170.36. The firm has a market cap of $230.18 billion, a price-to-earnings ratio of 25.28, a P/E/G ratio of 2.73 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the business posted $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

Analyst Upgrades and Downgrades

Several research firms have recently issued reports on PEP. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. BNP Paribas started coverage on PepsiCo in a research note on Monday. They issued a “neutral” rating and a $174.00 price objective for the company. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Finally, Jefferies Financial Group raised their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus price target of $186.15.

Get Our Latest Stock Report on PepsiCo

About PepsiCo

(Free Report)

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.

See Also

Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEPFree Report).

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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