Matrix Trust Co Buys 464 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Matrix Trust Co boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.4% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 7,725 shares of the company’s stock after acquiring an additional 464 shares during the period. Matrix Trust Co’s holdings in PepsiCo were worth $1,158,000 as of its most recent filing with the SEC.

A number of other hedge funds also recently modified their holdings of the stock. Tcfg Wealth Management LLC raised its stake in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after purchasing an additional 66 shares during the period. Osprey Private Wealth LLC increased its position in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after buying an additional 70 shares during the period. TAGStone Capital Inc. increased its holdings in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after acquiring an additional 70 shares during the period. Lokken Investment Group LLC increased 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 acquiring an additional 70 shares during the period. Finally, Leavell Investment Management Inc. increased 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 acquiring an additional 71 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1%

NASDAQ:PEP opened at $131.74 on Thursday. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The company’s 50-day simple moving average is $136.92 and its 200 day simple moving average is $146.62. The firm has a market capitalization of $180.63 billion, a P/E ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. 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 earned $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

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

Analyst Ratings Changes

Several research firms have recently weighed in on PEP. 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. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Citigroup decreased their price target on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price 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.