Rosenberg Matthew Hamilton Has $180,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Rosenberg Matthew Hamilton raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 16.9% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,199 shares of the company’s stock after acquiring an additional 173 shares during the period. Rosenberg Matthew Hamilton’s holdings in PepsiCo were worth $180,000 at the end of the most recent quarter.

Other institutional investors have also recently modified their holdings of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the fourth quarter valued at approximately $31,000. Summit Securities Group LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in PepsiCo during the fourth quarter worth $38,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

PEP stock opened at $136.48 on Thursday. The company has a market capitalization of $187.12 billion, a P/E ratio of 20.07, a PEG ratio of 4.23 and a beta of 0.45. The company has a fifty day moving average price of $131.36 and a 200-day moving average price of $142.54. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the business earned $1.61 earnings per share. The firm’s revenue for the quarter was down 1.8% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.17%. PepsiCo’s dividend payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Morgan Stanley decreased their price target 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. Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. 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. Finally, UBS Group dropped 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. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $159.75.

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.