New Age Alpha Advisors LLC Acquires 28,133 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• New Age Alpha Advisors LLC significantly increased its holdings in PepsiCo, Inc. by 144.0% in Q1, now owning 47,673 shares valued at approximately $7.15 million.
• PepsiCo reported earnings per share of $2.12 for the latest quarter, exceeding analysts' expectations of $2.03 and reflecting a 1.0% year-over-year revenue increase to $22.73 billion.
• The company announced a quarterly dividend of $1.4225, yielding 4.1%, which is set to be paid on September 30th to shareholders on record as of September 5th.

New Age Alpha Advisors LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 144.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,673 shares of the company's stock after buying an additional 28,133 shares during the quarter. New Age Alpha Advisors LLC's holdings in PepsiCo were worth $7,148,000 at the end of the most recent quarter.

A number of other institutional investors have also added to or reduced their stakes in PEP. Elite Financial Inc. bought a new position in shares of PepsiCo in the first quarter valued at approximately $28,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $31,000. GKV Capital Management Co. Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $38,000. Bridge Generations Wealth Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $38,000. Finally, Sunbeam Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $47,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several research analysts recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Barclays lifted their target price on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Bank of America decreased their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Down 0.1%

Shares of PEP stock traded down $0.11 during trading hours on Tuesday, hitting $139.45. 5,533,502 shares of the company's stock traded hands, compared to its average volume of 9,759,724. The stock's 50 day simple moving average is $134.83 and its 200 day simple moving average is $140.77. The stock has a market cap of $190.92 billion, a PE ratio of 25.40, a price-to-earnings-growth ratio of 3.72 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping 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 business had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter last year, the firm earned $2.28 earnings per share. PepsiCo's quarterly revenue was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 4.1%. 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.