Goelzer Investment Management Inc. Has $11.94 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Goelzer Investment Management Inc. lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.0% in the first quarter, according to the company in its most recent filing with the SEC. The fund owned 78,526 shares of the company’s stock after selling 777 shares during the quarter. PepsiCo comprises about 0.7% of Goelzer Investment Management Inc.’s portfolio, making the stock its 21st largest holding. Goelzer Investment Management Inc.’s holdings in PepsiCo were worth $11,941,000 as of its most recent filing with the SEC.

Other hedge funds also recently modified their holdings of the company. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter valued at about $31,000. Summit Securities Group LLC bought a new position in PepsiCo in the 4th quarter valued at about $33,000. Finally, GKV Capital Management Co. Inc. bought a new position in PepsiCo in the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages recently issued reports on PEP. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Bank of America decreased their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $129.07 on Monday. The company has a market capitalization of $176.97 billion, a P/E ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company’s 50 day moving average price is $133.19 and its 200-day moving average price is $143.83.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 firm had revenue of $17.92 billion during 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%. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.41%. The ex-dividend date of this dividend is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 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.