Eagle Capital Management LLC Has $3.64 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Eagle Capital Management LLC cut its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 20,798 shares of the company’s stock after selling 367 shares during the quarter. PepsiCo accounts for about 1.6% of Eagle Capital Management LLC’s investment portfolio, making the stock its 22nd largest holding. Eagle Capital Management LLC’s holdings in PepsiCo were worth $3,640,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Norges Bank purchased a new stake in shares of PepsiCo during the 4th quarter worth about $2,686,139,000. International Assets Investment Management LLC raised its stake in shares of PepsiCo by 9,623.6% during the 4th quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares in the last quarter. Flossbach Von Storch AG raised its stake in shares of PepsiCo by 121.4% in the 4th quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock valued at $463,259,000 after acquiring an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System raised its stake in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares in the last quarter. Finally, Franklin Resources Inc. raised its stake in shares of PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock valued at $1,520,909,000 after acquiring an additional 1,345,065 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $0.71 during trading on Tuesday, hitting $163.60. 346,932 shares of the stock were exchanged, compared to its average volume of 5,469,149. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a market capitalization of $224.92 billion, a price-to-earnings ratio of 24.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The company’s fifty day simple moving average is $173.37 and its 200-day simple moving average is $170.30. 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 announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.50 EPS. Sell-side analysts expect that PepsiCo, Inc. will post 8.16 EPS 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 paid a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.31%. PepsiCo’s payout ratio is currently 81.50%.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the company. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. BNP Paribas assumed coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Jefferies Financial Group lifted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. lifted their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 26th. Seven investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average price target of $186.38.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The stock was 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 owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.14% of the stock is owned by insiders.

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.