Kathmere Capital Management LLC Has $1.73 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Kathmere Capital Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 9,897 shares of the company’s stock after buying an additional 716 shares during the period. Kathmere Capital Management LLC’s holdings in PepsiCo were worth $1,732,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the stock. Cerity Partners LLC increased 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 worth $168,747,000 after purchasing an additional 370,122 shares during the period. Harbour Capital Advisors LLC boosted its holdings in PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC acquired a new stake in PepsiCo during the fourth quarter valued at approximately $405,000. Householder Group Estate & Retirement Specialist LLC boosted its holdings in PepsiCo by 34.5% during 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 purchasing an additional 3,159 shares in the last quarter. Finally, Marion Wealth Management boosted its holdings in PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,900 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on the company. BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective on the stock. JPMorgan Chase & Co. boosted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Jefferies Financial Group boosted their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $186.38.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $164.93 on Friday. The firm has a market cap of $226.74 billion, a PE ratio of 24.80, a PEG ratio of 2.73 and a beta of 0.52. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a fifty day moving average price of $173.37 and a 200 day moving average price of $170.30.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The firm 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%. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.50 EPS. Research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio is currently 81.50%.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s 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 completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.15% of the company’s stock.

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.