PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Baker Ellis Asset Management LLC

Baker Ellis Asset Management LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the 1st quarter, Holdings Channel.com reports. The institutional investor owned 35,325 shares of the company’s stock after acquiring an additional 309 shares during the period. Baker Ellis Asset Management LLC’s holdings in PepsiCo were worth $5,297,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo in the fourth quarter valued at $224,000. Brighton Jones LLC raised its position in PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo in the 4th quarter worth about $9,268,000. Strategic Financial Concepts LLC acquired a new stake in PepsiCo during the 4th quarter worth about $162,000. Finally, Entropy Technologies LP purchased a new position in PepsiCo during the 4th quarter valued at about $883,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research reports. Barclays decreased their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Morgan Stanley lowered their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Royal Bank of Canada reissued a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. upped their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Up 1.4%

PEP stock opened at $131.83 on Wednesday. The business’s 50-day simple moving average is $135.37 and its 200 day simple moving average is $145.74. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $180.75 billion, a PE ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm posted $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 83.68%.

PepsiCo Company Profile

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.