DMC Group LLC Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

DMC Group LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 13.9% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,892 shares of the company’s stock after buying an additional 231 shares during the quarter. DMC Group LLC’s holdings in PepsiCo were worth $331,000 as of its most recent SEC filing.

Other hedge funds also recently bought and sold shares of the company. Amplius Wealth Advisors LLC lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its stake in PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp grew its holdings in shares of PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC increased its position in shares of PepsiCo by 2.3% during the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after purchasing an additional 61 shares in the last quarter. Finally, Security Financial Services INC. lifted its holdings in shares of PepsiCo by 1.6% in the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on PEP shares. BNP Paribas initiated coverage on PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Jefferies Financial Group upped their price target on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Barclays lowered their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $186.64.

PepsiCo Stock Down 0.6 %

PEP opened at $162.60 on Thursday. The business has a 50 day simple moving average of $172.95 and a 200-day simple moving average of $170.24. The stock has a market capitalization of $223.54 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.69 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38.

PepsiCo (NASDAQ:PEP) last issued 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. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.50 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.33%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 0.14% of the stock is owned by company insiders.

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.