Financial & Tax Architects LLC Has $6.30 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Financial & Tax Architects LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 9.3% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 41,990 shares of the company's stock after buying an additional 3,573 shares during the quarter. PepsiCo accounts for approximately 1.6% of Financial & Tax Architects LLC's holdings, making the stock its 29th biggest holding. Financial & Tax Architects LLC's holdings in PepsiCo were worth $6,296,000 at the end of the most recent quarter.

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

PepsiCo Price Performance

NASDAQ:PEP traded down $1.06 during trading hours on Friday, reaching $143.45. The company had a trading volume of 6,596,497 shares, compared to its average volume of 10,334,833. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock has a 50-day moving average of $133.58 and a two-hundred day moving average of $140.99. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The firm has a market capitalization of $196.39 billion, a PE ratio of 26.13, a PEG ratio of 3.82 and a beta of 0.45.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be given a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.97%. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

PEP has been the subject of a number of recent research reports. Bank of America lowered their price objective on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research report on Friday, July 11th. Cowen restated a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Barclays upped their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, PepsiCo has a consensus rating of "Hold" and an average price target of $158.73.

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.