MJT & Associates Financial Advisory Group Inc. Makes New $380,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• MJT & Associates Financial Advisory Group Inc. has taken a new position in PepsiCo, Inc., purchasing 2,536 shares valued at approximately $380,000 during the first quarter.
• PepsiCo announced a quarterly dividend of $1.4225 per share, yielding 3.97%, to be paid on September 30th to investors of record on September 5th.
• PepsiCo's stock is currently rated as a "Hold" by equity analysts, with a consensus price target of $158.73.

MJT & Associates Financial Advisory Group Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,536 shares of the company's stock, valued at approximately $380,000.

Other institutional investors also recently bought and sold shares of the company. Brighton Jones LLC lifted its stake in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after purchasing an additional 6,574 shares during the period. Bank Pictet & Cie Europe AG boosted its stake in PepsiCo by 2.5% during the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock worth $71,527,000 after buying an additional 11,538 shares during the period. New Age Alpha Advisors LLC lifted its holdings in shares of PepsiCo by 18,688.5% in the 4th quarter. New Age Alpha Advisors LLC now owns 19,540 shares of the company's stock worth $2,971,000 after acquiring an additional 19,436 shares during the last quarter. RiverFront Investment Group LLC lifted its stake in PepsiCo by 5.1% during the fourth quarter. RiverFront Investment Group LLC now owns 4,233 shares of the company's stock worth $644,000 after purchasing an additional 207 shares in the last quarter. Finally, Maridea Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $234,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley raised their price target on PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research note on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Finally, Bank of America dropped their price target on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of "Hold" and a consensus target price of $158.73.

PepsiCo Trading Down 2.7%

Shares of PepsiCo stock traded down $3.91 during trading hours on Thursday, reaching $138.95. 5,005,725 shares of the company's stock were exchanged, compared to its average volume of 8,554,068. The firm has a market capitalization of $190.24 billion, a price-to-earnings ratio of 25.32, a price-to-earnings-growth ratio of 3.83 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a fifty day moving average of $134.27 and a 200-day moving average of $140.98.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the business earned $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% on a year-over-year basis. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.09%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's payout ratio is 103.64%.

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.