Dover Advisors LLC Has $2.52 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Dover Advisors LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 16,774 shares of the company’s stock after acquiring an additional 1,628 shares during the quarter. PepsiCo comprises about 1.1% of Dover Advisors LLC’s investment portfolio, making the stock its 23rd largest position. Dover Advisors LLC’s holdings in PepsiCo were worth $2,515,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the business. Ossiam grew its holdings in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after acquiring an additional 42,793 shares in the last quarter. OMERS ADMINISTRATION Corp boosted its position in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after purchasing an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. grew its stake in PepsiCo by 14.6% in the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock valued at $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new stake in shares of PepsiCo during the 4th quarter worth about $47,899,000. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of PepsiCo by 39.2% during the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after buying an additional 4,825 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms recently commented on PEP. Citigroup dropped their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. Morgan Stanley reduced their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Barclays lowered their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $130.85 on Friday. The company has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. The business has a 50 day moving average price of $134.63 and a 200 day moving average price of $145.20. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.35%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.