PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by Lantz Financial LLC

Lantz Financial LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 13,495 shares of the company’s stock after selling 251 shares during the quarter. Lantz Financial LLC’s holdings in PepsiCo were worth $2,023,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in PEP. Norges Bank bought a new stake in PepsiCo during the fourth quarter worth approximately $2,729,565,000. GAMMA Investing LLC boosted its holdings in PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company’s stock worth $688,017,000 after buying an additional 4,564,723 shares in the last quarter. Raymond James Financial Inc. bought a new stake in PepsiCo during the fourth quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its holdings in PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares in the last quarter. Finally, Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in PepsiCo in the 4th quarter worth approximately $221,297,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on PEP. Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. BNP Paribas decreased their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo currently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 0.2%

PEP stock opened at $131.62 on Friday. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-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 company has a market cap of $180.46 billion, a price-to-earnings ratio of 18.94, a PEG ratio of 3.09 and a beta of 0.47. The company has a 50 day moving average of $137.98 and a two-hundred day moving average of $147.27.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

PepsiCo 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.