General Partner Inc. Buys 1,568 Shares of PepsiCo, Inc. (NASDAQ:PEP)

General Partner Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 39.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 5,543 shares of the company’s stock after buying an additional 1,568 shares during the period. General Partner Inc.’s holdings in PepsiCo were worth $970,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in the stock. Cerity Partners LLC raised its stake in shares of PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after acquiring an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC raised its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $405,000. Householder Group Estate & Retirement Specialist LLC raised its stake in shares of PepsiCo by 34.5% in the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares during the last quarter. Finally, Marion Wealth Management raised its stake in shares of PepsiCo by 31.7% in the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after acquiring an additional 1,900 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on PEP. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Finally, Barclays lowered their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.17.

PepsiCo Stock Up 0.2 %

Shares of PEP opened at $166.48 on Wednesday. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The firm has a market cap of $228.88 billion, a P/E ratio of 25.03, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The firm’s 50-day simple moving average is $173.81 and its 200 day simple moving average is $170.39. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.26%. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

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.