PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Norden Group LLC

Norden Group LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 48.7% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 7,740 shares of the company’s stock after buying an additional 2,534 shares during the quarter. Norden Group LLC’s holdings in PepsiCo were worth $1,354,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA boosted its position in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares during the period. Fortis Group Advisors LLC grew its stake in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter valued at about $34,000. Finally, Kathleen S. Wright Associates Inc. acquired a new position in PepsiCo during the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research analysts have recently weighed in on the stock. Jefferies Financial Group upped 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. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Barclays dropped their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $186.64.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.79 during midday trading on Friday, reaching $164.39. 3,951,593 shares of the company traded hands, compared to its average volume of 5,459,756. The firm has a market capitalization of $226.00 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52. The company has a fifty day moving average price of $172.37 and a 200 day moving average price of $170.13. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during 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 business’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.50 earnings per share. On average, analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.30%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.