Barnes Dennig Private Wealth Management LLC Makes New $1.53 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

Barnes Dennig Private Wealth Management LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the first quarter, Holdings Channel.com reports. The firm purchased 10,200 shares of the company’s stock, valued at approximately $1,529,000. PepsiCo makes up approximately 2.3% of Barnes Dennig Private Wealth Management LLC’s investment portfolio, making the stock its 15th biggest position.

Other large investors also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG grew its position in PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock valued at $71,527,000 after purchasing an additional 11,538 shares during the period. SBI Securities Co. Ltd. bought a new stake in PepsiCo during the 4th quarter valued at $2,125,000. Plato Investment Management Ltd raised its holdings in PepsiCo by 0.3% during the fourth quarter. Plato Investment Management Ltd now owns 53,855 shares of the company’s stock worth $8,219,000 after buying an additional 142 shares during the last quarter. Finally, Sonoma Private Wealth LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $449,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. UBS Group decreased their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Finally, Royal Bank Of Canada restated a “sector perform” rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $159.75.

PepsiCo Trading Up 0.8%

NASDAQ PEP opened at $132.04 on Tuesday. The business’s fifty day moving average is $131.64 and its 200-day moving average is $142.63. 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 stock has a market capitalization of $181.04 billion, a price-to-earnings ratio of 19.42, a PEG ratio of 3.77 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 period in the prior year, the firm posted $1.61 EPS. The business’s revenue was down 1.8% on a year-over-year basis. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.31%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo’s dividend payout ratio is 83.68%.

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.