Impact Capital Partners LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Impact Capital Partners LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 172.9% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 8,013 shares of the company’s stock after purchasing an additional 5,077 shares during the period. Impact Capital Partners LLC’s holdings in PepsiCo were worth $1,201,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Collier Financial acquired a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the 4th quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the 4th quarter valued at approximately $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock opened at $130.03 on Friday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a fifty day moving average price of $136.15 and a 200 day moving average price of $146.25. The company has a market cap of $178.28 billion, a P/E ratio of 18.71, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.38%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is currently 83.68%.

Analysts Set New Price Targets

Several analysts recently weighed in on PEP shares. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research note on Tuesday, April 22nd. Finally, JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Hold” and a consensus target price of $160.69.

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.