Matthew Goff Investment Advisor LLC Purchases 2,396 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Matthew Goff Investment Advisor LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.8% in the first quarter, according to its most recent filing with the SEC. The fund owned 66,170 shares of the company's stock after acquiring an additional 2,396 shares during the period. PepsiCo comprises about 1.8% of Matthew Goff Investment Advisor LLC's portfolio, making the stock its 19th largest holding. Matthew Goff Investment Advisor LLC's holdings in PepsiCo were worth $9,922,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of the stock. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the fourth quarter valued at $31,000. Summit Securities Group LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at $38,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.2%

Shares of PepsiCo stock traded down $0.22 during midday trading on Thursday, reaching $129.07. 8,782,676 shares of the company's stock traded hands, compared to its average volume of 6,735,400. The company has a market cap of $176.97 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company's 50 day simple moving average is $133.80 and its 200 day simple moving average is $144.52. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

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 company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. PepsiCo's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the business earned $1.61 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a $1.4225 dividend. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.41%. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research analyst reports. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Citigroup reduced their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. Finally, Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to data from MarketBeat, the company currently has an average 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.