HF Advisory Group LLC Acquires 2,627 Shares of PepsiCo, Inc. (NASDAQ:PEP)

HF Advisory Group LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 21.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 14,955 shares of the company's stock after purchasing an additional 2,627 shares during the quarter. HF Advisory Group LLC's holdings in PepsiCo were worth $2,242,000 as of its most recent SEC filing.

A number of other large investors have also bought and sold shares of PEP. Collier Financial acquired a new stake in PepsiCo in the 4th quarter valued at $28,000. WealthTrak Capital Management LLC bought a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth approximately $31,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PEP shares. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo presently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $1.08 on Friday, reaching $130.03. 7,619,600 shares of the stock were exchanged, compared to its average volume of 6,590,251. The firm's 50 day moving average is $136.54 and its 200-day moving average is $146.43. The firm has a market cap of $178.28 billion, a PE ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's quarterly revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.61 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders 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 dividend yield of 4.38%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

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.