CapWealth Advisors LLC Has $20.52 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

CapWealth Advisors LLC decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 117,257 shares of the company’s stock after selling 332 shares during the period. PepsiCo accounts for approximately 2.3% of CapWealth Advisors LLC’s portfolio, making the stock its 17th biggest position. CapWealth Advisors LLC’s holdings in PepsiCo were worth $20,521,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Proficio Capital Partners LLC raised its holdings in PepsiCo by 2.5% during the first quarter. Proficio Capital Partners LLC now owns 5,566 shares of the company’s stock valued at $974,000 after buying an additional 135 shares in the last quarter. Comprehensive Financial Consultants Institutional Inc. raised its holdings in PepsiCo by 4.5% during the first quarter. Comprehensive Financial Consultants Institutional Inc. now owns 7,934 shares of the company’s stock valued at $1,389,000 after buying an additional 339 shares in the last quarter. Central Pacific Bank Trust Division bought a new position in PepsiCo during the first quarter valued at about $2,767,000. Franklin Parlapiano Turner & Welch LLC raised its holdings in PepsiCo by 1.0% during the first quarter. Franklin Parlapiano Turner & Welch LLC now owns 43,290 shares of the company’s stock valued at $7,576,000 after buying an additional 417 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its holdings in PepsiCo by 2.2% during the first quarter. Whittier Trust Co. of Nevada Inc. now owns 146,466 shares of the company’s stock valued at $25,633,000 after buying an additional 3,207 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction 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 document filed with the Securities & Exchange Commission, which is accessible through this link. 0.14% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Morgan Stanley raised 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. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. JPMorgan Chase & Co. upped their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Finally, Wedbush reaffirmed an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Seven analysts have rated the stock with a hold rating and eight have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus target price of $186.13.

PepsiCo Trading Down 0.1 %

PEP traded down $0.22 during mid-day trading on Tuesday, reaching $161.90. The stock had a trading volume of 5,801,160 shares, compared to its average volume of 5,473,631. The firm’s fifty day simple moving average is $171.59 and its two-hundred day simple moving average is $170.07. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock has a market capitalization of $222.58 billion, a P/E ratio of 24.35, a P/E/G ratio of 2.70 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.35%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.