10,786 Shares in PepsiCo, Inc. (NASDAQ:PEP) Purchased by Aurora Private Wealth Inc.

Aurora Private Wealth Inc. bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 10,786 shares of the company's stock, valued at approximately $1,617,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth $31,000. Summit Securities Group LLC bought a new position in shares of PepsiCo in the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. acquired a new stake in shares of PepsiCo during the 4th quarter valued at $38,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research firms have commented on PEP. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. Morgan Stanley dropped their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. Finally, Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their target price for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Up 0.2%

Shares of NASDAQ PEP traded up $0.20 during mid-day trading on Thursday, reaching $128.22. 11,519,153 shares of the company's stock traded hands, compared to its average volume of 6,888,552. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The business has a 50-day simple moving average of $132.36 and a 200 day simple moving average of $143.44. The stock has a market cap of $175.80 billion, a P/E ratio of 18.86, a PEG ratio of 3.68 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.63 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.44%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 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.