Janney Montgomery Scott LLC Acquires 26,800 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Janney Montgomery Scott LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.0% during the first quarter, according to its most recent filing with the SEC. The firm owned 908,751 shares of the company's stock after acquiring an additional 26,800 shares during the period. Janney Montgomery Scott LLC owned about 0.07% of PepsiCo worth $136,258,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Tcfg Wealth Management LLC raised its position in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after purchasing an additional 66 shares during the period. TAGStone Capital Inc. raised its holdings in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC lifted its position in PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares in the last quarter. Legacy Financial Group LLC boosted its holdings in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the period. Finally, Atlantic Private Wealth LLC increased its stake in PepsiCo by 37.5% during the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock worth $42,000 after buying an additional 75 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

Several research analysts have weighed in on PEP shares. Barclays decreased their price objective 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. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on PepsiCo in a research report on Thursday, April 24th. Finally, Citigroup dropped their target price on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat.com, PepsiCo currently has an average rating of "Hold" and a consensus price target of $160.69.

PepsiCo Stock Up 0.4%

Shares of NASDAQ:PEP traded up $0.56 on Monday, reaching $131.41. The company had a trading volume of 11,180,020 shares, compared to its average volume of 6,695,025. The stock has a market capitalization of $180.17 billion, a P/E ratio of 18.91, a P/E/G ratio of 3.09 and a beta of 0.45. The stock has a 50-day moving average price of $134.63 and a 200 day moving average price of $144.96. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the firm posted $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced 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. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

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.