Heck Capital Advisors LLC Purchases Shares of 8,036 PepsiCo, Inc. (NASDAQ:PEP)

Heck Capital Advisors LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor purchased 8,036 shares of the company's stock, valued at approximately $1,222,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Brick & Kyle Associates raised its position in PepsiCo by 7.3% in the 4th quarter. Brick & Kyle Associates now owns 31,566 shares of the company's stock worth $4,800,000 after purchasing an additional 2,138 shares during the period. Armis Advisers LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $390,000. Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $47,899,000. Wilkins Miller Wealth Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $229,000. Finally, Hall Capital Management Co. Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $3,909,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on PEP shares. Jefferies Financial Group lowered PepsiCo from a "buy" rating to a "hold" rating and reduced their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Bank of America decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Wall Street Zen lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. HSBC reduced their target price on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Finally, UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company currently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Down 0.5%

NASDAQ PEP traded down $0.70 on Wednesday, hitting $130.67. The stock had a trading volume of 8,065,460 shares, compared to its average volume of 6,515,287. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The business's fifty day moving average price is $138.84 and its 200 day moving average price is $147.83. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market cap of $179.16 billion, a price-to-earnings ratio of 18.80, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. PepsiCo's revenue was down 1.8% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

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.