Westhampton Capital LLC Has $4.87 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Westhampton Capital LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,802 shares of the company’s stock after purchasing an additional 763 shares during the period. PepsiCo makes up about 2.7% of Westhampton Capital LLC’s portfolio, making the stock its 4th largest holding. Westhampton Capital LLC’s holdings in PepsiCo were worth $4,866,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Fortis Group Advisors LLC grew its position in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo in the fourth quarter valued at $34,000. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo during the first quarter valued at $35,000. Finally, Naples Money Management LLC purchased a new stake in PepsiCo in the 4th quarter worth about $36,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were 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 owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.14% of the company’s stock.

PepsiCo Stock Up 0.4 %

Shares of PepsiCo stock opened at $163.58 on Wednesday. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38. The stock has a market capitalization of $224.89 billion, a P/E ratio of 24.60, a PEG 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. The stock has a 50 day moving average price of $173.10 and a two-hundred day moving average price of $170.26.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the business posted $1.50 EPS. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. The ex-dividend date was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.31%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on the company. Jefferies Financial Group upped their target price on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Barclays cut their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock 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 issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price 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.