McNamara Financial Services Inc. Has $1.60 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

McNamara Financial Services Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 9,133 shares of the company’s stock after purchasing an additional 62 shares during the quarter. PepsiCo makes up approximately 0.3% of McNamara Financial Services Inc.’s investment portfolio, making the stock its 21st largest holding. McNamara Financial Services Inc.’s holdings in PepsiCo were worth $1,598,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA grew its position in shares of 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 grew its position in shares of 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 shares of PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of PepsiCo in the 4th quarter worth $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently issued reports on PEP. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Jefferies Financial Group boosted their price target on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Barclays cut their price target 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. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Finally, Wedbush restated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research note on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $186.38.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction 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 transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 0.14% of the company’s stock.

PepsiCo Price Performance

PEP traded down $0.61 during midday trading on Wednesday, hitting $166.74. The stock had a trading volume of 4,776,918 shares, compared to its average volume of 5,501,427. The company has a market cap of $229.23 billion, a P/E ratio of 25.07, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52. The business has a fifty day moving average of $173.73 and a 200 day moving average of $170.37. 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, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.25%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is currently 81.50%.

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.