Hollencrest Capital Management Purchases 102 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Hollencrest Capital Management lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,935 shares of the company’s stock after purchasing an additional 102 shares during the quarter. Hollencrest Capital Management’s holdings in PepsiCo were worth $590,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Elite Financial Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $31,000. Finally, Summit Securities Group LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have commented on PEP. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday. Finally, Citigroup decreased their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus price target of $158.75.

PepsiCo Stock Performance

NASDAQ:PEP opened at $144.96 on Friday. 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 company has a market cap of $198.75 billion, a P/E ratio of 21.23, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The firm’s 50 day moving average is $131.97 and its two-hundred day moving average is $141.24.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.28 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders 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 dividend yield of 3.93%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is presently 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.