Burns J W & Co. Inc. NY Has $15.43 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Burns J W & Co. Inc. NY trimmed its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 102,889 shares of the company’s stock after selling 1,816 shares during the period. PepsiCo accounts for about 2.0% of Burns J W & Co. Inc. NY’s portfolio, making the stock its 13th biggest holding. Burns J W & Co. Inc. NY’s holdings in PepsiCo were worth $15,427,000 at the end of the most recent quarter.

Other large investors also recently made changes to their positions in the company. Tcfg Wealth Management LLC increased its stake in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the period. Osprey Private Wealth LLC boosted its holdings in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after acquiring an additional 70 shares in the last quarter. TAGStone Capital Inc. boosted its holdings in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after acquiring an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its holdings in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after buying an additional 70 shares during the period. Finally, Leavell Investment Management Inc. lifted its holdings in PepsiCo by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock worth $4,271,000 after buying an additional 71 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $131.62 on Friday. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock’s 50 day moving average price is $137.98 and its 200-day moving average price is $147.27. The company has a market capitalization of $180.46 billion, a PE ratio of 18.94, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last posted 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 net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. PepsiCo’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed 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. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo’s dividend payout ratio is presently 83.68%.

Analyst Ratings Changes

Several brokerages have commented on PEP. BNP Paribas cut their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a report on Tuesday, February 4th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Barclays decreased their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Thursday, February 6th. Finally, Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. 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 company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Company 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.