Ballew Advisors Inc acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 5,937 shares of the company's stock, valued at approximately $857,000.
A number of other hedge funds have also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the 4th quarter valued at $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the 4th quarter valued at $33,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on PEP shares. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. Finally, Citigroup reduced their price objective on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average target price of $160.69.
Get Our Latest Research Report on PEP
PepsiCo Trading Down 1.1%
Shares of NASDAQ:PEP traded down $1.45 during midday trading on Friday, reaching $130.85. The company's stock had a trading volume of 9,578,363 shares, compared to its average volume of 6,677,016. The firm has a market capitalization of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. 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 firm has a 50 day moving average price of $134.63 and a two-hundred day moving average price of $145.08. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.61 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Increases Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's payout ratio is currently 83.68%.
About PepsiCo
(
Free Report)
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.
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