Kathmere Capital Management LLC Acquires 716 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Kathmere Capital Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.8% during the first quarter, HoldingsChannel.com reports. The fund owned 9,897 shares of the company’s stock after acquiring 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 reporting period.

A number of other hedge funds and other institutional investors have also bought and sold shares of PEP. Amplius Wealth Advisors LLC boosted its position in shares of PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC boosted its position in shares of PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares during the last quarter. SYM FINANCIAL Corp boosted its position in shares of PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after acquiring an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC boosted its position in shares of PepsiCo by 2.3% during the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after acquiring an additional 61 shares during the last quarter. Finally, Security Financial Services INC. boosted its position in shares of PepsiCo by 1.6% during the first quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock worth $690,000 after acquiring an additional 61 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.8 %

NASDAQ:PEP opened at $164.93 on Friday. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38. The stock has a market capitalization of $226.74 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.73 and a beta of 0.52. 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 company’s 50-day simple moving average is $173.37 and its 200-day simple moving average is $170.30.

PepsiCo (NASDAQ:PEP) last released 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 business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business earned $1.50 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.29%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Analyst Upgrades and Downgrades

PEP has been the subject of a number of research reports. Barclays dropped their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Finally, BNP Paribas began coverage on shares of PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average price target of $186.38.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.15% of the stock is currently owned by insiders.

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.