Diversified Trust Co Buys 17,499 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Diversified Trust Co increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 73,686 shares of the company's stock after acquiring an additional 17,499 shares during the quarter. Diversified Trust Co's holdings in PepsiCo were worth $12,896,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised its holdings 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 buying an additional 70 shares during the period. Fortis Group Advisors LLC raised its holdings in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company's stock worth $33,000 after buying an additional 97 shares during the period. Life Planning Partners Inc acquired a new stake in PepsiCo during the 4th quarter worth approximately $34,000. Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo during the 1st quarter worth approximately $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Institutional investors own 73.07% of the company's stock.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business'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 owns 53,953 shares of the company's stock, valued at $9,603,634. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.14% of the stock is currently owned by company insiders.

PepsiCo Stock Performance

PEP stock traded up $0.69 during midday trading on Tuesday, reaching $163.58. 4,650,257 shares of the company were exchanged, compared to its average volume of 5,501,696. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The business has a 50-day moving average price of $173.10 and a two-hundred day moving average price of $170.26. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The firm has a market capitalization of $224.89 billion, a price-to-earnings ratio of 24.60, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts' expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company's revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.50 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.31%. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's payout ratio is presently 81.50%.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on PEP shares. BNP Paribas started coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a "neutral" rating and a $174.00 price objective on the stock. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a "neutral" rating in a report on Wednesday, June 26th. Wedbush reiterated an "outperform" rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Barclays lowered their price objective on shares of PepsiCo from $185.00 to $180.00 and set an "overweight" rating on the stock in a report on Wednesday, June 12th. Finally, Morgan Stanley upgraded shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $186.38.

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.