Diversify Advisory Services LLC Acquires 2,584 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Diversify Advisory Services LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 30.3% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 11,099 shares of the company's stock after purchasing an additional 2,584 shares during the quarter. Diversify Advisory Services LLC's holdings in PepsiCo were worth $1,664,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also recently added to or reduced their stakes in the company. Hussman Strategic Advisors Inc. increased its stake in shares of PepsiCo by 50.0% during the 1st quarter. Hussman Strategic Advisors Inc. now owns 25,200 shares of the company's stock valued at $3,778,000 after acquiring an additional 8,400 shares during the last quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group grew its position in PepsiCo by 6.6% in the first quarter. Vienna Powszechne Towarzystwo Emerytalne S.A. Vienna Insurance Group now owns 7,386 shares of the company's stock valued at $1,107,000 after acquiring an additional 458 shares in the last quarter. Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the first quarter valued at approximately $58,000. Hollencrest Capital Management grew its position in PepsiCo by 2.7% in the first quarter. Hollencrest Capital Management now owns 3,935 shares of the company's stock valued at $590,000 after acquiring an additional 102 shares in the last quarter. Finally, Creekmur Asset Management LLC boosted its stake in shares of PepsiCo by 60.6% during the 1st quarter. Creekmur Asset Management LLC now owns 3,456 shares of the company's stock valued at $518,000 after buying an additional 1,304 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on the company. Morgan Stanley increased their target price on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday. Wells Fargo & Company increased their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Finally, Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. 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 company's stock. Based on data from MarketBeat, PepsiCo currently has an average rating of "Hold" and an average price target of $157.93.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $2.20 during trading on Friday, hitting $143.24. 13,738,009 shares of the stock were exchanged, compared to its average volume of 7,239,591. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The company has a market capitalization of $196.39 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45. The company's fifty day simple moving average is $132.23 and its 200-day simple moving average is $141.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business's revenue was up 1.0% on a year-over-year basis. During the same quarter in the previous year, the firm earned $2.28 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.97%. PepsiCo's dividend payout ratio (DPR) is presently 103.64%.

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.