Blair William & Co. IL Buys 16,309 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Blair William & Co. IL raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 363,608 shares of the company’s stock after purchasing an additional 16,309 shares during the period. Blair William & Co. IL’s holdings in PepsiCo were worth $43,669,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. MainStreet Investment Advisors LLC boosted its holdings in shares of PepsiCo by 9.4% during the 1st quarter. MainStreet Investment Advisors LLC now owns 118,543 shares of the company’s stock valued at $14,237,000 after purchasing an additional 10,170 shares during the last quarter. Banco Santander S.A. boosted its holdings in shares of PepsiCo by 53.8% during the 1st quarter. Banco Santander S.A. now owns 5,810 shares of the company’s stock valued at $698,000 after purchasing an additional 2,033 shares during the last quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. raised its position in shares of PepsiCo by 1.2% during the 1st quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 370,995 shares of the company’s stock valued at $44,556,000 after buying an additional 4,526 shares in the last quarter. Fosun International Ltd raised its position in shares of PepsiCo by 129.3% during the 1st quarter. Fosun International Ltd now owns 4,965 shares of the company’s stock valued at $623,000 after buying an additional 2,800 shares in the last quarter. Finally, Analyst IMS Investment Management Services Ltd. raised its position in shares of PepsiCo by 128.5% during the 1st quarter. Analyst IMS Investment Management Services Ltd. now owns 8,760 shares of the company’s stock valued at $1,052,000 after buying an additional 4,927 shares in the last quarter. 70.84% of the stock is owned by institutional investors and hedge funds.

PEP stock traded up $0.27 during mid-day trading on Friday, reaching $130.48. The company had a trading volume of 3,344,403 shares, compared to its average volume of 6,111,983. The company has a debt-to-equity ratio of 2.61, a current ratio of 1.10 and a quick ratio of 0.94. The company has a market capitalization of $180.67 billion, a PE ratio of 25.34, a price-to-earnings-growth ratio of 4.98 and a beta of 0.60. The firm has a 50 day moving average of $132.43 and a 200 day moving average of $134.80. PepsiCo, Inc. has a 12 month low of $101.42 and a 12 month high of $147.20.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 28th. The company reported $1.07 EPS for the quarter, topping the Zacks’ consensus estimate of $1.03 by $0.04. The business had revenue of $13.88 billion for the quarter, compared to the consensus estimate of $13.20 billion. PepsiCo had a net margin of 10.62% and a return on equity of 55.74%. The company’s revenue for the quarter was up 7.7% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.97 EPS. Analysts anticipate that PepsiCo, Inc. will post 5.32 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.0225 per share. The ex-dividend date of this dividend is Thursday, June 4th. This is an increase from PepsiCo’s previous quarterly dividend of $0.96. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.13%. PepsiCo’s dividend payout ratio (DPR) is currently 69.08%.

PEP has been the topic of several recent research reports. Deutsche Bank decreased their target price on shares of PepsiCo from $145.00 to $143.00 and set a “hold” rating on the stock in a research report on Thursday, March 12th. Cfra upped their target price on shares of PepsiCo from $145.00 to $150.00 and gave the company a “strong-buy” rating in a research report on Tuesday, April 28th. SunTrust Banks upped their target price on shares of PepsiCo from $115.00 to $125.00 and gave the company a “hold” rating in a research report on Wednesday, April 29th. DZ Bank restated a “buy” rating and set a $136.00 target price on shares of PepsiCo in a research report on Thursday, March 26th. Finally, Cowen upped their target price on shares of PepsiCo from $135.00 to $156.00 and gave the company an “outperform” rating in a research report on Wednesday, April 29th. Eight investment analysts have rated the stock with a hold rating, twelve have issued a buy rating and two have assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and a consensus target price of $142.00.

About PepsiCo

PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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