Chilton Investment Co. Inc. Buys 68,103 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Chilton Investment Co. Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 15.3% in the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 512,139 shares of the company’s stock after purchasing an additional 68,103 shares during the quarter. PepsiCo makes up 2.6% of Chilton Investment Co. Inc.’s investment portfolio, making the stock its 12th largest holding. Chilton Investment Co. Inc.’s holdings in PepsiCo were worth $86,982,000 as of its most recent filing with the SEC.

A number of other large investors have also recently added to or reduced their stakes in PEP. Cerity Partners LLC increased its position in PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after acquiring an additional 370,122 shares during the period. Harbour Capital Advisors LLC raised its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in PepsiCo in the fourth quarter worth $405,000. Manchester Capital Management LLC boosted its stake in PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after buying an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC raised its stake in shares of PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently weighed in on PEP. Barclays lowered their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday. Jefferies Financial Group raised their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.17.

View Our Latest Research Report on PepsiCo

PepsiCo Price Performance

PEP traded down $1.24 during midday trading on Wednesday, hitting $163.83. The company had a trading volume of 6,279,238 shares, compared to its average volume of 5,519,066. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The firm’s 50-day simple moving average is $174.20 and its 200-day simple moving average is $170.47. The company has a market capitalization of $225.23 billion, a PE ratio of 24.64, a P/E/G ratio of 2.71 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.50 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.31%. The ex-dividend date is Friday, June 7th. PepsiCo’s payout ratio is currently 81.50%.

Insider Buying and Selling at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Corporate insiders own 0.14% of the company’s stock.

PepsiCo Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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