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

Heck Capital Advisors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 8,036 shares of the company's stock, valued at approximately $1,222,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Tallon Kerry Patrick bought a new stake in shares of PepsiCo in the fourth quarter valued at about $224,000. Secure Asset Management LLC lifted its position in shares of PepsiCo by 31.8% in the 4th quarter. Secure Asset Management LLC now owns 3,546 shares of the company's stock worth $539,000 after acquiring an additional 855 shares during the period. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after purchasing an additional 6,574 shares in the last quarter. LexAurum Advisors LLC increased its position in shares of PepsiCo by 14.2% during the fourth quarter. LexAurum Advisors LLC now owns 2,710 shares of the company's stock valued at $412,000 after purchasing an additional 336 shares during the period. Finally, Sound Income Strategies LLC boosted its stake in PepsiCo by 1.9% during the fourth quarter. Sound Income Strategies LLC now owns 5,360 shares of the company's stock worth $815,000 after buying an additional 101 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PEP shares. Morgan Stanley dropped their price objective on 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 downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research note on Monday, April 28th. BNP Paribas decreased their price target on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. raised their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Price Performance

PepsiCo stock traded up $2.03 during mid-day trading on Tuesday, hitting $131.37. 13,960,301 shares of the company traded hands, compared to its average volume of 6,503,657. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The stock has a market cap of $180.12 billion, a price-to-earnings ratio of 18.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a fifty day moving average price of $139.16 and a 200-day moving average price of $147.95.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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). The business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders 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 is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.33%. PepsiCo's dividend payout ratio is 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.