Global Assets Advisory LLC Purchases Shares of 2,250 PepsiCo, Inc. (NASDAQ:PEP)

Global Assets Advisory LLC purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm purchased 2,250 shares of the company's stock, valued at approximately $327,000.

A number of other institutional investors have also made changes to their positions in PEP. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter valued at about $2,729,565,000. GAMMA Investing LLC increased its position in shares of PepsiCo by 19,106.5% during the first quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Raymond James Financial Inc. acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. Finally, Assenagon Asset Management S.A. grew its holdings in shares of PepsiCo by 106.1% in the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after purchasing an additional 1,809,391 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 2.3%

Shares of PEP stock opened at $128.02 on Thursday. The firm has a market cap of $175.53 billion, a P/E ratio of 18.83, a PEG ratio of 3.76 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.63 and a 1-year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The firm's 50-day simple moving average is $132.36 and its 200-day simple moving average is $143.44.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the business posted $1.61 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.44%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Upgrades and Downgrades

A number of research analysts recently weighed in on the stock. Bank of America dropped their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Citigroup reduced their price target 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. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Finally, Barclays reduced their price target 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. One investment 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 MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $159.75.

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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