Matrix Asset Advisors Inc. NY Purchases 73,645 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Matrix Asset Advisors Inc. NY raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 114.2% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 138,122 shares of the company's stock after buying an additional 73,645 shares during the quarter. PepsiCo comprises approximately 2.3% of Matrix Asset Advisors Inc. NY's portfolio, making the stock its 16th biggest position. Matrix Asset Advisors Inc. NY's holdings in PepsiCo were worth $20,710,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of PEP. Tallon Kerry Patrick bought a new position in PepsiCo during the 4th quarter valued at approximately $224,000. Brighton Jones LLC increased its holdings in shares of PepsiCo by 12.4% during the fourth quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after acquiring an additional 6,574 shares in the last quarter. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo during the 4th quarter valued at about $9,268,000. Bank Pictet & Cie Europe AG lifted its stake in shares of PepsiCo by 2.5% in 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 in the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $162,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

PepsiCo stock traded down $3.03 during mid-day trading on Wednesday, hitting $128.02. The stock had a trading volume of 10,914,772 shares, compared to its average volume of 6,861,514. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The firm's 50 day moving average is $132.60 and its 200 day moving average is $143.54. The firm has a market capitalization of $175.53 billion, a P/E ratio of 18.83, a P/E/G ratio of 3.76 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.66 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 EPS. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, sell-side analysts forecast 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 given 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 is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.44%. PepsiCo's dividend payout ratio is currently 83.68%.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday. Jefferies Financial Group downgraded shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. JPMorgan Chase & Co. raised their price target on PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research note on Monday, April 21st. Finally, Barclays reduced their price objective on 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 analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $159.75.

PepsiCo Company 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.