PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Montis Financial LLC

Montis Financial LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.6% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 5,494 shares of the company’s stock after purchasing an additional 88 shares during the period. PepsiCo comprises 0.7% of Montis Financial LLC’s holdings, making the stock its 23rd largest position. Montis Financial LLC’s holdings in PepsiCo were worth $776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. McClarren Financial Advisors Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $27,000. Emerson Wealth Management LLC acquired a new stake in shares of PepsiCo in the first quarter worth approximately $28,000. PrairieView Partners LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $30,000. Inspire Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $31,000. Finally, Interactive Financial Advisors acquired a new stake in shares of PepsiCo in the fourth quarter worth approximately $33,000. 69.94% of the stock is currently owned by institutional investors.

NASDAQ:PEP opened at $146.59 on Friday. PepsiCo, Inc. has a 52 week low of $126.53 and a 52 week high of $148.77. The company has a quick ratio of 0.77, a current ratio of 0.93 and a debt-to-equity ratio of 2.79. The company has a market capitalization of $202.53 billion, a P/E ratio of 29.03, a P/E/G ratio of 3.63 and a beta of 0.57. The stock’s fifty day moving average is $143.79 and its two-hundred day moving average is $140.77.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 14th. The company reported $1.21 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.12 by $0.09. The firm had revenue of $14.82 billion for the quarter, compared to the consensus estimate of $14.54 billion. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. The company’s quarterly revenue was up 6.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.07 EPS. Sell-side analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 30th. Investors of record on Friday, June 4th will be issued a $1.075 dividend. This represents a $4.30 annualized dividend and a dividend yield of 2.93%. The ex-dividend date is Thursday, June 3rd. This is an increase from PepsiCo’s previous quarterly dividend of $1.02. PepsiCo’s payout ratio is currently 73.96%.

In related news, CEO Silviu Popovici sold 20,000 shares of the business’s stock in a transaction on Friday, May 7th. The stock was sold at an average price of $145.40, for a total value of $2,908,000.00. Following the sale, the chief executive officer now owns 75,886 shares in the company, valued at approximately $11,033,824.40. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 0.13% of the stock is currently owned by insiders.

A number of analysts have recently issued reports on PEP shares. UBS Group raised PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $145.00 to $165.00 in a research note on Tuesday, April 27th. Morgan Stanley boosted their price objective on PepsiCo from $158.00 to $165.00 and gave the stock an “overweight” rating in a research note on Thursday, April 22nd. Wolfe Research assumed coverage on PepsiCo in a research note on Monday, April 19th. They set a “peer perform” rating on the stock. Guggenheim reissued a “buy” rating on shares of PepsiCo in a research note on Thursday, April 1st. Finally, Credit Suisse Group boosted their price objective on PepsiCo from $144.00 to $155.00 and gave the stock an “outperform” rating in a research note on Thursday, April 22nd. One research analyst has rated the stock with a sell rating, five have given a hold rating and seven have assigned a buy rating to the company. PepsiCo presently has a consensus rating of “Hold” and a consensus price target of $149.23.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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