PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Bard Financial Services Inc.

Bard Financial Services Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 73,871 shares of the company's stock after purchasing an additional 3,000 shares during the period. PepsiCo comprises 1.4% of Bard Financial Services Inc.'s holdings, making the stock its 16th largest position. Bard Financial Services Inc.'s holdings in PepsiCo were worth $11,076,000 as of its most recent SEC filing.

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

PepsiCo Stock Up 1.3%

PEP traded up $1.67 during trading hours on Thursday, hitting $131.57. 5,017,901 shares of the company's stock were exchanged, compared to its average volume of 6,621,968. The firm has a market cap of $180.39 billion, a P/E ratio of 18.93, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a 50 day moving average of $135.04 and a 200 day moving average of $145.63.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted 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 company had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's revenue was down 1.8% compared to the same quarter last year. During the same period in the prior year, the company posted $1.61 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business 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 annualized dividend and a dividend yield of 4.32%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Ratings Changes

Several analysts have issued reports on PEP shares. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and dropped their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Barclays cut their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. UBS Group cut their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average price target of $160.69.

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.