HBK Sorce Advisory LLC Purchases 6,369 Shares of PepsiCo, Inc. (NASDAQ:PEP)

HBK Sorce Advisory LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 25.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 31,357 shares of the company's stock after purchasing an additional 6,369 shares during the quarter. HBK Sorce Advisory LLC's holdings in PepsiCo were worth $4,702,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of PEP. Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares during the last quarter. Geode Capital Management LLC lifted its stake in shares of PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of PepsiCo by 18.1% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Norges Bank acquired a new position in PepsiCo in the fourth quarter valued at about $2,729,565,000. Finally, Northern Trust Corp boosted its holdings in PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Up 0.2%

PepsiCo stock traded up $0.20 during trading on Thursday, hitting $128.22. 11,519,153 shares of the company were exchanged, compared to its average volume of 6,888,552. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The business's 50 day moving average is $132.36 and its 200 day moving average is $143.44. PepsiCo, Inc. has a 52 week low of $127.63 and a 52 week high of $180.91. The company has a market capitalization of $175.80 billion, a P/E ratio of 18.86, a PEG ratio of 3.68 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates 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 for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the firm earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

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

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. 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 report on Monday, April 28th. Finally, UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Hold" and an average target price of $159.75.

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.