Stokes Family Office LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Stokes Family Office LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.3% in the first quarter, HoldingsChannel reports. The fund owned 32,262 shares of the company’s stock after purchasing an additional 85 shares during the quarter. Stokes Family Office LLC’s holdings in PepsiCo were worth $5,646,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norges Bank bought a new stake in PepsiCo during the 4th quarter worth approximately $2,686,139,000. International Assets Investment Management LLC lifted its holdings in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after buying an additional 3,026,611 shares in the last quarter. Flossbach Von Storch AG boosted its position in shares of PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after acquiring an additional 1,832,385 shares during the last quarter. California Public Employees Retirement System increased its holdings in 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 during the last quarter. Finally, Franklin Resources Inc. lifted its stake in PepsiCo by 17.7% in the 4th quarter. Franklin Resources Inc. now owns 8,954,951 shares of the company’s stock worth $1,520,909,000 after purchasing an additional 1,345,065 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 1.5 %

Shares of PEP stock traded up $2.43 during trading hours on Friday, reaching $166.38. 6,675,848 shares of the company’s stock were exchanged, compared to its average volume of 5,532,946. The stock has a market cap of $228.74 billion, a PE ratio of 25.24, a PEG ratio of 2.84 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. The stock’s fifty day moving average price is $171.12 and its two-hundred day moving average price is $169.99. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.26%. PepsiCo’s payout ratio is presently 81.50%.

Analysts Set New Price Targets

Several equities research analysts have recently issued reports on the company. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday. Royal Bank of Canada dropped their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday. BNP Paribas began coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. Finally, Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.27.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated 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 directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 0.15% of the company’s stock.

PepsiCo 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.