PYA Waltman Capital LLC Buys 1,283 Shares of PepsiCo, Inc. (NASDAQ:PEP)

PYA Waltman Capital LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.6% in the 1st quarter, according to the company in its most recent filing with the SEC. The fund owned 18,220 shares of the company’s stock after purchasing an additional 1,283 shares during the quarter. PepsiCo makes up 0.9% of PYA Waltman Capital LLC’s investment portfolio, making the stock its 29th largest holding. PYA Waltman Capital LLC’s holdings in PepsiCo were worth $2,732,000 as of its most recent filing with the SEC.

Other large investors have also recently added to or reduced their stakes in the company. TAGStone Capital Inc. boosted its holdings in PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after acquiring an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its holdings in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after purchasing an additional 70 shares in the last quarter. Legacy Financial Group LLC grew its position in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after purchasing an additional 71 shares during the period. Atlantic Private Wealth LLC raised its holdings in PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock worth $42,000 after buying an additional 75 shares during the last quarter. Finally, Pflug Koory LLC lifted its stake in shares of PepsiCo by 1.0% in the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after buying an additional 76 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $135.26 on Friday. The firm has a market capitalization of $185.45 billion, a P/E ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The business has a fifty day moving average price of $131.49 and a 200-day moving average price of $141.65.

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). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the business earned $1.61 EPS. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.21%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on PEP. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Bank of America dropped their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday. Morgan Stanley decreased their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reissued a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $158.19.

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.