River Street Advisors LLC Buys 2,084 Shares of PepsiCo, Inc. (NASDAQ:PEP)

River Street Advisors LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 34.1% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 8,190 shares of the company’s stock after buying an additional 2,084 shares during the quarter. River Street Advisors LLC’s holdings in PepsiCo were worth $1,433,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Sherbrooke Park Advisers LLC purchased a new stake in PepsiCo during the third quarter valued at about $656,000. Gotham Asset Management LLC lifted its holdings in PepsiCo by 85.0% during the third quarter. Gotham Asset Management LLC now owns 32,982 shares of the company’s stock valued at $5,588,000 after purchasing an additional 15,156 shares during the last quarter. SRS Capital Advisors Inc. lifted its holdings in PepsiCo by 22.7% during the third quarter. SRS Capital Advisors Inc. now owns 4,044 shares of the company’s stock valued at $685,000 after purchasing an additional 748 shares during the last quarter. Insigneo Advisory Services LLC lifted its holdings in PepsiCo by 3.7% during the third quarter. Insigneo Advisory Services LLC now owns 10,197 shares of the company’s stock valued at $1,728,000 after purchasing an additional 367 shares during the last quarter. Finally, Fairhaven Wealth Management LLC lifted its holdings in PepsiCo by 1.0% during the third quarter. Fairhaven Wealth Management LLC now owns 21,575 shares of the company’s stock valued at $3,656,000 after purchasing an additional 206 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded down $1.33 on Friday, reaching $164.93. 8,756,033 shares of the company’s stock traded hands, compared to its average volume of 5,392,291. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month 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 50-day simple moving average of $173.37 and a 200 day simple moving average of $170.31. The stock has a market cap of $226.74 billion, a PE ratio of 24.80, a P/E/G ratio of 2.73 and a beta of 0.52.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.29%. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. 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. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus price target of $186.38.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on 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 owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 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.