PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Silvia Mccoll Wealth Management LLC

Silvia Mccoll Wealth Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.2% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,878 shares of the company’s stock after purchasing an additional 685 shares during the quarter. PepsiCo makes up 0.9% of Silvia Mccoll Wealth Management LLC’s portfolio, making the stock its 28th biggest holding. Silvia Mccoll Wealth Management LLC’s holdings in PepsiCo were worth $993,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. increased its stake in PepsiCo by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock worth $3,227,287,000 after acquiring an additional 578,083 shares during the last quarter. Norges Bank acquired a new stake in PepsiCo during the fourth quarter worth about $2,686,139,000. California Public Employees Retirement System boosted its position in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares during the period. Franklin Resources Inc. raised its holdings in shares of PepsiCo by 17.7% during the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after buying an additional 1,345,065 shares during the period. Finally, Massachusetts Financial Services Co. MA raised its holdings in shares of PepsiCo by 15.1% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 8,421,163 shares of the company’s stock valued at $1,430,250,000 after buying an additional 1,105,127 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on PEP. Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. BNP Paribas began coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $186.38.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s 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 sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 0.14% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $162.89 on Tuesday. The firm has a market cap of $223.94 billion, a price-to-earnings ratio of 24.49, a PEG ratio of 2.71 and a beta of 0.52. The stock has a 50 day moving average of $173.37 and a 200-day moving average of $170.30. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during 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%. The business’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.50 EPS. As a group, analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.33%. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

PepsiCo 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.