LS Investment Advisors LLC Grows Holdings in PepsiCo, Inc. (PEP)

LS Investment Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 189,683 shares of the company’s stock after buying an additional 1,732 shares during the quarter. PepsiCo comprises 1.2% of LS Investment Advisors LLC’s holdings, making the stock its 7th biggest position. LS Investment Advisors LLC’s holdings in PepsiCo were worth $20,704,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in PEP. Tompkins Financial Corp raised its holdings in shares of PepsiCo by 1.2% in the 4th quarter. Tompkins Financial Corp now owns 34,634 shares of the company’s stock worth $4,153,000 after purchasing an additional 421 shares in the last quarter. Courier Capital LLC raised its holdings in shares of PepsiCo by 0.6% in the 4th quarter. Courier Capital LLC now owns 72,638 shares of the company’s stock worth $8,711,000 after purchasing an additional 430 shares in the last quarter. Bremer Trust National Association raised its holdings in shares of PepsiCo by 6.9% in the 4th quarter. Bremer Trust National Association now owns 6,763 shares of the company’s stock worth $811,000 after purchasing an additional 435 shares in the last quarter. Perkins Coie Trust Co raised its holdings in shares of PepsiCo by 1.5% in the 4th quarter. Perkins Coie Trust Co now owns 29,180 shares of the company’s stock worth $3,499,000 after purchasing an additional 435 shares in the last quarter. Finally, Murphy Pohlad Asset Management LLC raised its holdings in shares of PepsiCo by 2.7% in the 4th quarter. Murphy Pohlad Asset Management LLC now owns 17,363 shares of the company’s stock worth $2,082,000 after purchasing an additional 450 shares in the last quarter. Institutional investors own 69.69% of the company’s stock.

PEP has been the topic of several analyst reports. Zacks Investment Research downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday. BidaskClub raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Tuesday, June 26th. Susquehanna Bancshares set a $130.00 target price on shares of PepsiCo and gave the stock a “buy” rating in a research report on Friday, May 4th. ValuEngine downgraded shares of PepsiCo from a “hold” rating to a “sell” rating in a research report on Wednesday, May 2nd. Finally, Barclays reissued a “hold” rating and issued a $108.00 target price on shares of PepsiCo in a research report on Monday, April 30th. Three investment analysts have rated the stock with a sell rating, eight have assigned a hold rating and six have issued a buy rating to the stock. The stock presently has an average rating of “Hold” and an average price target of $120.36.

Shares of PepsiCo opened at $108.87 on Friday, according to Marketbeat.com. PepsiCo, Inc. has a 52 week low of $95.94 and a 52 week high of $122.51. The company has a market cap of $154.09 billion, a P/E ratio of 20.82, a P/E/G ratio of 2.52 and a beta of 0.68. The company has a current ratio of 1.28, a quick ratio of 1.15 and a debt-to-equity ratio of 2.91.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, April 26th. The company reported $0.96 EPS for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.03. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The firm had revenue of $12.56 billion for the quarter, compared to the consensus estimate of $12.37 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The firm’s revenue was up 4.3% on a year-over-year basis. equities research analysts predict that PepsiCo, Inc. will post 5.66 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 29th. Investors of record on Friday, June 1st were given a dividend of $0.9275 per share. The ex-dividend date was Thursday, May 31st. This is an increase from PepsiCo’s previous quarterly dividend of $0.81. This represents a $3.71 dividend on an annualized basis and a yield of 3.41%. PepsiCo’s payout ratio is presently 70.94%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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