8,036 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Heck Capital Advisors LLC

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

Other institutional investors also recently bought and sold shares of the company. Collier Financial purchased a new position in PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $31,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have commented on PEP shares. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Citigroup cut their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Up 0.4%

PepsiCo stock traded up $0.59 during mid-day trading on Thursday, reaching $131.26. The stock had a trading volume of 3,443,358 shares, compared to its average volume of 6,505,105. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The stock's 50-day simple moving average is $138.55 and its 200-day simple moving average is $147.72. The firm has a market capitalization of $179.96 billion, a PE ratio of 18.90, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.34%. PepsiCo's payout ratio is presently 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.