Barlow Wealth Partners Inc. Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

Barlow Wealth Partners Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 13.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 2,809 shares of the company’s stock after purchasing an additional 333 shares during the quarter. Barlow Wealth Partners Inc.’s holdings in PepsiCo were worth $421,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. D.A. Davidson & CO. lifted its position in shares of PepsiCo by 0.9% during the first quarter. D.A. Davidson & CO. now owns 439,208 shares of the company’s stock worth $65,855,000 after purchasing an additional 4,068 shares in the last quarter. Rosenberg Matthew Hamilton grew its stake in shares of PepsiCo by 16.9% during the first quarter. Rosenberg Matthew Hamilton now owns 1,199 shares of the company’s stock valued at $180,000 after acquiring an additional 173 shares in the last quarter. Mutual Advisors LLC lifted its stake in shares of PepsiCo by 56.3% in the first quarter. Mutual Advisors LLC now owns 53,900 shares of the company’s stock worth $8,082,000 after acquiring an additional 19,424 shares in the last quarter. Resonant Capital Advisors LLC grew its stake in PepsiCo by 1.8% during the 1st quarter. Resonant Capital Advisors LLC now owns 21,457 shares of the company’s stock valued at $3,217,000 after purchasing an additional 370 shares in the last quarter. Finally, Teacher Retirement System of Texas raised its position in shares of PepsiCo by 12.4% in the 1st quarter. Teacher Retirement System of Texas now owns 589,097 shares of the company’s stock valued at $88,329,000 after purchasing an additional 64,858 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.9%

PEP stock opened at $136.48 on Thursday. The stock has a market capitalization of $187.12 billion, a P/E ratio of 20.07, a P/E/G ratio of 4.23 and a beta of 0.45. The business has a 50-day moving average of $131.36 and a 200-day moving average of $142.54. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP – Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the previous year, the company earned $1.61 earnings per share. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.17%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on PEP. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Barclays lowered their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Citigroup cut their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $159.75.

Get Our Latest Report on PEP

About PepsiCo

(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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