Pettee Investors Inc. Has $1.74 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Pettee Investors Inc. boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 11,587 shares of the company’s stock after purchasing an additional 360 shares during the period. Pettee Investors Inc.’s holdings in PepsiCo were worth $1,737,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of PEP. Members Trust Co lifted its position in shares of PepsiCo by 1.3% in the first quarter. Members Trust Co now owns 5,941 shares of the company’s stock valued at $891,000 after buying an additional 77 shares during the last quarter. Frederick Financial Consultants LLC lifted its position in shares of PepsiCo by 17.1% in the first quarter. Frederick Financial Consultants LLC now owns 1,838 shares of the company’s stock valued at $276,000 after buying an additional 268 shares during the last quarter. Bailard Inc. lifted its position in shares of PepsiCo by 2.9% in the first quarter. Bailard Inc. now owns 73,876 shares of the company’s stock valued at $11,077,000 after buying an additional 2,107 shares during the last quarter. Woodward Diversified Capital LLC lifted its position in shares of PepsiCo by 4.7% in the first quarter. Woodward Diversified Capital LLC now owns 5,163 shares of the company’s stock valued at $774,000 after buying an additional 234 shares during the last quarter. Finally, Graypoint LLC lifted its holdings in PepsiCo by 32.5% during the 1st quarter. Graypoint LLC now owns 10,500 shares of the company’s stock worth $1,574,000 after purchasing an additional 2,574 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 1.2%

PEP stock opened at $135.35 on Thursday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The stock’s 50 day moving average is $131.69 and its 200-day moving average is $141.29. The firm has a market capitalization of $185.58 billion, a PE ratio of 19.90, a P/E/G ratio of 4.18 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts’ consensus estimates of $2.04 by $0.08. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. Royal Bank Of Canada restated a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Barclays lowered their price target on PepsiCo from $135.00 to $132.00 and set an “equal weight” rating for the company in a report on Tuesday. Wells Fargo & Company reissued an “equal weight” rating on shares of PepsiCo in a research note on Thursday. Finally, Bank of America decreased their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. One research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $158.00.

About PepsiCo

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.