PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Patrick Mauro Investment Advisor INC.

Patrick Mauro Investment Advisor INC. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.7% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 37,339 shares of the company's stock after acquiring an additional 7,143 shares during the quarter. PepsiCo comprises about 3.1% of Patrick Mauro Investment Advisor INC.'s investment portfolio, making the stock its 12th biggest holding. Patrick Mauro Investment Advisor INC.'s holdings in PepsiCo were worth $5,599,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also recently made changes to their positions in the company. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $28,000. Elite Financial Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo in the 4th quarter valued at $31,000. Finally, Summit Securities Group LLC bought a new stake in PepsiCo in the 4th quarter valued at $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.2%

Shares of NASDAQ PEP traded down $1.68 during trading hours on Friday, hitting $143.76. 8,317,456 shares of the stock were exchanged, compared to its average volume of 7,207,701. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company has a market cap of $197.11 billion, a PE ratio of 21.15, a PEG ratio of 4.23 and a beta of 0.45. The firm has a fifty day moving average price of $131.97 and a 200-day moving average price of $141.24. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the business posted $2.28 EPS. PepsiCo's revenue for the quarter was up 1.0% compared to the same quarter last year. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 3.96%. PepsiCo's dividend payout ratio is presently 83.68%.

Analyst Ratings Changes

A number of brokerages have issued reports on PEP. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday. Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a report on Friday, July 11th. Barclays reduced their price target on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating on the stock in a report on Tuesday. Finally, JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. One investment analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average price target of $159.50.

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.