Capital Investment Advisory Services LLC Acquires 2,721 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Capital Investment Advisory Services LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.2% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,031 shares of the company's stock after purchasing an additional 2,721 shares during the quarter. Capital Investment Advisory Services LLC's holdings in PepsiCo were worth $1,804,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock valued at $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC grew its position in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after buying an additional 582,254 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $2,729,565,000. Northern Trust Corp lifted its position in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Finally, Franklin Resources Inc. lifted its holdings in PepsiCo by 5.6% in the fourth quarter. Franklin Resources Inc. now owns 13,748,403 shares of the company's stock worth $2,090,582,000 after acquiring an additional 727,087 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.4%

Shares of NASDAQ PEP traded up $0.59 during trading on Tuesday, hitting $135.04. The stock had a trading volume of 7,714,987 shares, compared to its average volume of 7,072,592. The company has a market capitalization of $185.15 billion, a PE ratio of 19.86, a PEG ratio of 4.21 and a beta of 0.45. The firm has a fifty day moving average of $131.42 and a two-hundred day moving average of $141.98. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. 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 released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same period last year, the company earned $1.61 earnings per share. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is 83.68%.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. 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 research note on Monday, April 28th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Morgan Stanley dropped their target price on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $159.75.

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.