First Heartland Consultants Inc. Invests $542,000 in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• First Heartland Consultants Inc. invested $542,000 in PepsiCo, purchasing 3,616 shares, marking a significant new position in the company's stock.
• PepsiCo reported $22.73 billion in revenue for the latest quarter, surpassing analysts' expectations and showing a 1% increase year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, reflecting a 3.97% annual yield, with the ex-dividend date set for September 5th.

First Heartland Consultants Inc. purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm purchased 3,616 shares of the company's stock, valued at approximately $542,000.

A number of other hedge funds also recently modified their holdings of PEP. Lokken Investment Group LLC raised its position in PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after buying an additional 70 shares during the last quarter. Legacy Financial Group LLC raised its position in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after buying an additional 71 shares during the last quarter. Pflug Koory LLC raised its position in PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after buying an additional 76 shares during the last quarter. Hoge Financial Services LLC raised its position in PepsiCo by 2.1% in the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares during the last quarter. Finally, Members Trust Co raised its position in PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after buying an additional 77 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $143.45 on Friday. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The stock's fifty day moving average price is $133.58 and its two-hundred day moving average price is $141.03. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The firm has a market cap of $196.39 billion, a price-to-earnings ratio of 26.13, a P/E/G ratio of 3.85 and a beta of 0.45.

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

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research report on Tuesday, June 24th. JPMorgan Chase & Co. lowered their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $158.73.

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.

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