Claro Advisors LLC Has $3.70 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Claro Advisors LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.6% in the first quarter, according to its most recent filing with the SEC. The firm owned 21,156 shares of the company’s stock after acquiring an additional 1,303 shares during the period. Claro Advisors LLC’s holdings in PepsiCo were worth $3,702,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Talbot Financial LLC lifted its holdings in PepsiCo by 1.4% during the first quarter. Talbot Financial LLC now owns 51,240 shares of the company’s stock worth $8,967,000 after acquiring an additional 703 shares in the last quarter. Miracle Mile Advisors LLC raised its position in PepsiCo by 3.2% during the first quarter. Miracle Mile Advisors LLC now owns 35,956 shares of the company’s stock worth $6,293,000 after acquiring an additional 1,127 shares in the last quarter. Kowal Investment Group LLC grew its holdings in PepsiCo by 25.7% during the first quarter. Kowal Investment Group LLC now owns 7,968 shares of the company’s stock worth $1,394,000 after purchasing an additional 1,629 shares during the period. Horizon Wealth Management LLC raised its stake in PepsiCo by 4.5% in the 1st quarter. Horizon Wealth Management LLC now owns 1,729 shares of the company’s stock valued at $303,000 after acquiring an additional 74 shares during the period. Finally, Oliver Luxxe Assets LLC lifted its stake in shares of PepsiCo by 2.0% during the 1st quarter. Oliver Luxxe Assets LLC now owns 22,338 shares of the company’s stock worth $3,909,000 after buying an additional 435 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PepsiCo stock opened at $162.89 on Tuesday. The business has a 50 day moving average of $173.37 and a 200-day moving average of $170.30. The company has a market capitalization of $223.94 billion, a P/E ratio of 24.49, a P/E/G ratio of 2.71 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 current ratio of 0.86 and a quick ratio of 0.68.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $1.355 per share. The ex-dividend date was Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.14% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays cut their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research report on Monday, March 18th. BNP Paribas assumed coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $186.38.

About PepsiCo

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.