D.B. Root & Company LLC Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

D.B. Root & Company LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 38.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,112 shares of the company’s stock after purchasing an additional 1,140 shares during the period. D.B. Root & Company LLC’s holdings in PepsiCo were worth $720,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in PEP. Cerity Partners LLC grew its position in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after buying an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its position in shares of PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $405,000. Householder Group Estate & Retirement Specialist LLC lifted its stake in PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after purchasing an additional 3,159 shares during the last quarter. Finally, Marion Wealth Management increased its position in PepsiCo by 31.7% in the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after buying an additional 1,900 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $164.93 on Monday. The firm has a fifty day simple moving average of $173.37 and a two-hundred day simple moving average of $170.30. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a market capitalization of $226.74 billion, a PE ratio of 24.80, a P/E/G ratio of 2.71 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. Research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Analysts Set New Price Targets

PEP has been the topic of a number of research reports. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Barclays reduced their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price objective for the company. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.38.

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.