Cantor Fitzgerald Investment Advisor L.P Buys 4,503 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Cantor Fitzgerald Investment Advisor L.P raised its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 52.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,167 shares of the company’s stock after buying an additional 4,503 shares during the quarter. Cantor Fitzgerald Investment Advisor L.P’s holdings in PepsiCo were worth $2,204,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Vigilant Capital Management LLC grew its stake in PepsiCo by 0.6% in the 1st quarter. Vigilant Capital Management LLC now owns 161,513 shares of the company’s stock worth $27,034,000 after acquiring an additional 903 shares in the last quarter. TCW Group Inc. increased its stake in shares of PepsiCo by 44.3% during the fourth quarter. TCW Group Inc. now owns 440,689 shares of the company’s stock valued at $76,553,000 after buying an additional 135,394 shares during the period. Wealth Advisors of Iowa LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $224,000. TRH Financial LLC increased its position in PepsiCo by 19.3% during the 1st quarter. TRH Financial LLC now owns 56,012 shares of the company’s stock valued at $9,375,000 after purchasing an additional 9,078 shares during the period. Finally, Canandaigua National Corp raised its stake in PepsiCo by 2.3% in the fourth quarter. Canandaigua National Corp now owns 59,697 shares of the company’s stock worth $10,370,000 after buying an additional 1,337 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

A number of analysts have recently weighed in on the stock. Citigroup increased their price objective on shares of PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $173.00 to $175.00 in a research report on Wednesday, April 27th. UBS Group reduced their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research report on Tuesday. Guggenheim boosted their target price on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Finally, Credit Suisse Group increased their price objective on shares of PepsiCo from $163.00 to $168.00 in a research report on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

Shares of NASDAQ PEP opened at $162.03 on Thursday. The company’s fifty day moving average is $166.98 and its two-hundred day moving average is $168.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $224.04 billion, a P/E ratio of 22.17, a PEG ratio of 3.19 and a beta of 0.59. PepsiCo, Inc. has a one year low of $144.61 and a one year high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last posted its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. During the same period last year, the firm earned $1.21 EPS. On average, sell-side analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be paid a dividend of $1.15 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a dividend yield of 2.84%. The ex-dividend date of this dividend is Thursday, June 2nd. PepsiCo’s dividend payout ratio is 62.93%.

In other PepsiCo news, EVP David Flavell sold 5,150 shares of the firm’s stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the sale, the executive vice president now directly owns 28,275 shares in the company, valued at $4,951,235.25. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Eugene Willemsen sold 4,560 shares of the business’s stock in a transaction dated Monday, May 16th. The shares were sold at an average price of $175.61, for a total transaction of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is currently owned by company insiders.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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