7,066 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Bridgewater Advisors Inc.

Bridgewater Advisors Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 7,066 shares of the company's stock, valued at approximately $1,059,000.

Several other large investors have also recently added to or reduced their stakes in PEP. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo during the 1st quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo in the fourth quarter valued at about $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Trading Up 1.0%

PEP stock traded up $1.28 during trading on Wednesday, hitting $135.09. 5,036,871 shares of the company traded hands, compared to its average volume of 7,094,714. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The company has a 50-day moving average of $131.62 and a 200-day moving average of $141.33. The firm has a market capitalization of $185.22 billion, a PE ratio of 19.87, a P/E/G ratio of 4.24 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the business posted $1.61 EPS. The company's quarterly revenue was down 1.8% compared to the same quarter last year. 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. PepsiCo's payout ratio is presently 83.68%.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on the company. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Morgan Stanley dropped their price target 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. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Finally, Citigroup reduced their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research 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 stock. According to MarketBeat, PepsiCo currently has a consensus rating of "Hold" and a consensus target price of $158.00.

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.