PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 31,390 shares of the company’s stock after acquiring an additional 1,619 shares during the quarter. Transcend Capital Advisors LLC’s holdings in PepsiCo were worth $4,707,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. Norges Bank acquired a new stake in PepsiCo during the fourth quarter worth about $2,729,565,000. GAMMA Investing LLC grew its stake in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after purchasing an additional 4,564,723 shares during the period. Raymond James Financial Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. Finally, Assenagon Asset Management S.A. grew its position in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company’s stock valued at $527,034,000 after buying an additional 1,809,391 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.2%

NASDAQ:PEP opened at $128.22 on Friday. The stock’s fifty day moving average is $132.07 and its two-hundred day moving average is $143.22. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock has a market capitalization of $175.80 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 3.68 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its earnings results 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). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter last year, the company earned $1.61 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

A number of equities research analysts have recently commented on the company. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Morgan Stanley dropped their price objective on 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 dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Barclays dropped their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $159.75.

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.