Capital Insight Partners LLC Purchases 903 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Insight Partners LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.1% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 22,916 shares of the company’s stock after buying an additional 903 shares during the period. Capital Insight Partners LLC’s holdings in PepsiCo were worth $4,011,000 as of its most recent SEC filing.

A number of other hedge funds also recently modified their holdings of PEP. LFA Lugano Financial Advisors SA raised its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC boosted its holdings in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Naples Money Management LLC purchased a new stake in PepsiCo in the fourth quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

Shares of PEP opened at $164.93 on Friday. The business’s 50 day simple moving average is $173.37 and its 200-day simple moving average is $170.30. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $226.74 billion, a price-to-earnings ratio of 24.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.29%. The ex-dividend date of this dividend was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 81.50%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on PEP. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday. Jefferies Financial Group boosted their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. 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 report on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus target price of $186.38.

Insiders Place Their Bets

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by insiders.

About PepsiCo

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.