Integrated Advisors Network LLC Buys 18,489 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Integrated Advisors Network LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 107.1% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 35,757 shares of the company's stock after acquiring an additional 18,489 shares during the quarter. Integrated Advisors Network LLC's holdings in PepsiCo were worth $5,361,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Collier Financial purchased a new stake in PepsiCo during the 4th quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth about $28,000. Creative Capital Management Investments LLC purchased a new stake in PepsiCo during the 4th quarter worth about $30,000. Prudent Man Investment Management Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. purchased a new stake in PepsiCo during the 4th quarter worth about $31,000. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 1.1%

Shares of NASDAQ PEP traded down $1.45 during midday trading on Friday, hitting $130.85. The stock had a trading volume of 9,578,363 shares, compared to its average volume of 6,677,016. The company's 50-day simple moving average is $134.63 and its 200 day simple moving average is $145.20. The firm has a market cap of $179.41 billion, a P/E ratio of 18.83, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results 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 for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.61 earnings per share. Research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

A number of analysts recently commented on the company. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Dbs Bank cut PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and lowered their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average price target of $160.69.

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.