PepsiCo, Inc. (NASDAQ:PEP) Position Increased by Raymond James Financial Services Advisors Inc.

Raymond James Financial Services Advisors Inc. lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the first quarter, according to the company in its most recent filing with the SEC. The fund owned 1,002,267 shares of the company’s stock after buying an additional 43,296 shares during the quarter. Raymond James Financial Services Advisors Inc. owned approximately 0.07% of PepsiCo worth $175,407,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Charles Schwab Investment Management Inc. boosted its holdings in shares of PepsiCo by 3.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock valued at $3,227,287,000 after acquiring an additional 578,083 shares during the period. Northern Trust Corp lifted its position in PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the last quarter. Norges Bank acquired a new position in PepsiCo during the 4th quarter valued at about $2,686,139,000. California Public Employees Retirement System increased its stake in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of PepsiCo by 17.7% during the fourth quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after buying an additional 1,345,065 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.1 %

Shares of NASDAQ PEP traded down $0.23 during mid-day trading on Tuesday, hitting $175.91. 4,465,101 shares of the company traded hands, compared to its average volume of 5,806,826. The business has a 50 day moving average of $169.74 and a two-hundred day moving average of $168.16. The stock has a market capitalization of $241.84 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 2.86 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 76.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.42.

About PepsiCo

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.