Gallacher Capital Management LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Gallacher Capital Management LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.5% during the 4th quarter, according to its most recent disclosure with the SEC. The fund owned 104,037 shares of the company’s stock after purchasing an additional 1,541 shares during the period. PepsiCo comprises approximately 9.9% of Gallacher Capital Management LLC’s portfolio, making the stock its biggest holding. Gallacher Capital Management LLC’s holdings in PepsiCo were worth $17,670,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently made changes to their positions in PEP. Amplius Wealth Advisors LLC raised its stake in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares in the last quarter. Darwin Wealth Management LLC increased its stake in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC increased its stake in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares in the last quarter. SYM FINANCIAL Corp increased its stake in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after purchasing an additional 61 shares in the last quarter. Finally, Capital Investment Counsel Inc increased its stake in PepsiCo by 1.6% during the 4th quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after purchasing an additional 64 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP traded up $0.70 during mid-day trading on Friday, reaching $176.15. 3,492,120 shares of the stock were exchanged, compared to its average volume of 5,328,097. The business’s 50 day moving average is $170.14 and its 200-day moving average is $168.46. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a market capitalization of $242.17 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.87 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:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.50 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business 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 represents a $5.42 annualized dividend and a yield of 3.08%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analyst Upgrades and Downgrades

A number of research analysts have issued reports on the stock. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a report on Monday, February 12th. Morgan Stanley raised 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. Finally, JPMorgan Chase & Co. upped their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus price target of $187.42.

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.