Leelyn Smith LLC Has $2.65 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Leelyn Smith LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 5.9% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 17,667 shares of the company’s stock after acquiring an additional 981 shares during the quarter. Leelyn Smith LLC’s holdings in PepsiCo were worth $2,649,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Asset Management One Co. Ltd. increased its holdings in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock valued at $94,598,000 after purchasing an additional 21,859 shares during the period. Ossiam lifted its stake in shares of PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp increased its position in PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after purchasing an additional 13,461 shares during the period. Sumitomo Mitsui DS Asset Management Company Ltd raised its stake in PepsiCo by 2.3% during the 1st quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 270,938 shares of the company’s stock worth $40,624,000 after buying an additional 6,112 shares during the period. Finally, Hutner Capital Management Inc. raised its holdings in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after buying an additional 6,865 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada reissued a “sector perform” rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America cut their price objective on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, Morgan Stanley cut their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. One equities research 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 MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $158.19.

PepsiCo Stock Performance

PEP stock opened at $135.26 on Monday. The company has a market cap of $185.45 billion, a P/E ratio of 19.89, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The stock’s fifty day moving average price is $131.49 and its 200-day moving average price is $141.50.

PepsiCo (NASDAQ:PEP) last released 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 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period last year, the company earned $1.61 EPS. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a dividend 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 83.68%.

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.