Meristem Family Wealth LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Meristem Family Wealth LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 75,997 shares of the company’s stock after acquiring an additional 91 shares during the quarter. PepsiCo accounts for about 2.8% of Meristem Family Wealth LLC’s portfolio, making the stock its 5th biggest holding. Meristem Family Wealth LLC’s holdings in PepsiCo were worth $9,127,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of PEP. Norges Bank acquired a new stake in shares of PepsiCo during the 4th quarter valued at $1,985,537,000. BlackRock Inc. raised its position in shares of PepsiCo by 2.6% during the first quarter. BlackRock Inc. now owns 109,109,695 shares of the company’s stock worth $13,104,075,000 after purchasing an additional 2,724,092 shares during the period. Swiss National Bank lifted its holdings in shares of PepsiCo by 21.1% during the first quarter. Swiss National Bank now owns 6,487,279 shares of the company’s stock valued at $779,122,000 after purchasing an additional 1,131,600 shares during the last quarter. AQR Capital Management LLC boosted its position in shares of PepsiCo by 17.6% in the 4th quarter. AQR Capital Management LLC now owns 6,494,987 shares of the company’s stock valued at $887,085,000 after purchasing an additional 972,837 shares during the period. Finally, Stifel Financial Corp increased its stake in PepsiCo by 29.2% in the 4th quarter. Stifel Financial Corp now owns 2,817,978 shares of the company’s stock worth $385,374,000 after purchasing an additional 636,831 shares in the last quarter. Institutional investors own 70.71% of the company’s stock.

PEP stock traded up $1.26 during mid-day trading on Monday, hitting $132.81. The stock had a trading volume of 1,313,522 shares, compared to its average volume of 6,126,143. The company has a current ratio of 1.10, a quick ratio of 0.94 and a debt-to-equity ratio of 2.61. PepsiCo, Inc. has a 1-year low of $101.42 and a 1-year high of $147.20. The company has a fifty day moving average of $133.17 and a 200 day moving average of $134.64. The stock has a market capitalization of $182.53 billion, a price-to-earnings ratio of 25.87, a PEG ratio of 5.03 and a beta of 0.59.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 28th. The company reported $1.07 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.03 by $0.04. PepsiCo had a return on equity of 55.74% and a net margin of 10.62%. The business had revenue of $13.88 billion during the quarter, compared to analyst estimates of $13.20 billion. During the same period in the previous year, the company earned $0.97 EPS. The firm’s revenue was up 7.7% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 5.32 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be paid a $1.0225 dividend. The ex-dividend date of this dividend is Thursday, June 4th. This is a boost from PepsiCo’s previous quarterly dividend of $0.96. This represents a $4.09 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s payout ratio is 69.08%.

PEP has been the subject of a number of analyst reports. DZ Bank reaffirmed a “buy” rating and set a $136.00 price objective on shares of PepsiCo in a research note on Thursday, March 26th. Deutsche Bank reduced their price target on shares of PepsiCo from $145.00 to $143.00 and set a “hold” rating for the company in a research report on Thursday, March 12th. SunTrust Banks lifted their price objective on shares of PepsiCo from $115.00 to $125.00 and gave the stock a “hold” rating in a research report on Wednesday, April 29th. BidaskClub downgraded shares of PepsiCo from a “strong-buy” rating to a “buy” rating in a research note on Thursday, May 21st. Finally, Cfra raised their target price on PepsiCo from $145.00 to $150.00 and gave the stock a “strong-buy” rating in a research report on Tuesday, April 28th. Eight investment analysts have rated the stock with a hold rating, twelve have assigned a buy rating and two have assigned a strong buy rating to the stock. PepsiCo currently has an average rating of “Buy” and an average target price of $142.00.

PepsiCo Profile

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.

Further Reading: The Role of a Fiduciary and Individual Investors

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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