Douglas Lane & Associates LLC Acquires 14,427 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Douglas Lane & Associates LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.5% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 235,349 shares of the company’s stock after purchasing an additional 14,427 shares during the period. Douglas Lane & Associates LLC’s holdings in PepsiCo were worth $35,288,000 at the end of the most recent quarter.

Several other institutional investors have also modified their holdings of PEP. Norges Bank acquired a new stake in PepsiCo in the 4th quarter valued at approximately $2,729,565,000. GAMMA Investing LLC raised its position in PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock valued at $688,017,000 after buying an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new stake in PepsiCo in the 4th quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. raised its position in PepsiCo by 18.1% in the 4th 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 last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in PepsiCo in the 4th quarter valued at approximately $221,297,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Barclays dropped their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. HSBC lowered their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company lowered their price target on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $131.62 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock has a 50 day moving average of $137.98 and a 200-day moving average of $147.15. The company has a market capitalization of $180.46 billion, a P/E ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The company also recently declared 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 is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo’s payout ratio is 83.68%.

PepsiCo 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.