Callan Family Office LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Callan Family Office LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 34.1% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 5,570 shares of the company’s stock after acquiring an additional 1,416 shares during the period. Callan Family Office LLC’s holdings in PepsiCo were worth $919,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Pegasus Asset Management Inc. grew its stake in shares of PepsiCo by 0.9% during the second quarter. Pegasus Asset Management Inc. now owns 29,645 shares of the company’s stock valued at $4,889,000 after buying an additional 256 shares during the last quarter. SlateStone Wealth LLC grew its position in PepsiCo by 2.7% during the 2nd quarter. SlateStone Wealth LLC now owns 111,261 shares of the company’s stock worth $18,350,000 after acquiring an additional 2,896 shares during the last quarter. Rational Advisors LLC purchased a new position in PepsiCo in the 2nd quarter worth approximately $200,000. Verdence Capital Advisors LLC boosted its stake in shares of PepsiCo by 0.9% during the second quarter. Verdence Capital Advisors LLC now owns 24,335 shares of the company’s stock valued at $4,014,000 after purchasing an additional 226 shares during the period. Finally, Catalyst Financial Partners LLC grew its holdings in shares of PepsiCo by 5.1% in the second quarter. Catalyst Financial Partners LLC now owns 5,661 shares of the company’s stock worth $934,000 after purchasing an additional 274 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock traded up $0.10 during midday trading on Monday, hitting $175.97. The company’s stock had a trading volume of 4,146,743 shares, compared to its average volume of 5,459,578. The firm has a market capitalization of $241.92 billion, a price-to-earnings ratio of 25.54, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The company has a 50 day moving average of $169.37 and a two-hundred day moving average of $170.69.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The firm’s revenue was up .8% on a year-over-year basis. During the same period in the prior year, the company earned $2.09 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is currently 78.66%.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on the stock. Royal Bank of Canada dropped their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. BNP Paribas assumed coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley reduced their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a research report on Friday, July 19th. Finally, JPMorgan Chase & Co. decreased their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $185.53.

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.