PepsiCo, Inc. (NASDAQ:PEP) Holdings Lifted by Lafayette Investments Inc.

by · The Cerbat Gem

Lafayette Investments Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.2% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 47,805 shares of the company’s stock after purchasing an additional 3,638 shares during the quarter. PepsiCo accounts for 1.5% of Lafayette Investments Inc.’s portfolio, making the stock its 17th largest position. Lafayette Investments Inc.’s holdings in PepsiCo were worth $7,168,000 as of its most recent SEC filing.

Other large investors have also recently added to or reduced their stakes in the company. Philip James Wealth Mangement LLC boosted its holdings in PepsiCo by 223.6% in the first quarter. Philip James Wealth Mangement LLC now owns 26,525 shares of the company’s stock worth $3,977,000 after purchasing an additional 18,327 shares in the last quarter. Waverton Investment Management Ltd boosted its stake in shares of PepsiCo by 3.7% during the 1st quarter. Waverton Investment Management Ltd now owns 284,644 shares of the company’s stock worth $42,680,000 after acquiring an additional 10,033 shares in the last quarter. Bull Street Advisors LLC increased its holdings in shares of PepsiCo by 1.4% during the 1st quarter. Bull Street Advisors LLC now owns 19,828 shares of the company’s stock valued at $2,973,000 after acquiring an additional 265 shares during the last quarter. Old North State Wealth Management LLC lifted its holdings in PepsiCo by 33.1% in the 1st quarter. Old North State Wealth Management LLC now owns 3,987 shares of the company’s stock worth $599,000 after purchasing an additional 992 shares during the last quarter. Finally, Transcend Capital Advisors LLC boosted its position in PepsiCo by 5.4% during the first quarter. Transcend Capital Advisors LLC now owns 31,390 shares of the company’s stock worth $4,707,000 after purchasing an additional 1,619 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2%

Shares of NASDAQ:PEP opened at $128.22 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The company’s 50-day moving average price is $132.07 and its two-hundred day moving average price is $143.22. The firm has a market cap of $175.80 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.68 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the company earned $1.61 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.44%. PepsiCo’s dividend payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. Barclays dropped their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday. Finally, Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $159.75.

View Our Latest Stock Analysis on PepsiCo

PepsiCo Company Profile

(Free Report)

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.

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