Hennion & Walsh Asset Management Inc. Has $2.04 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Hennion & Walsh Asset Management Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 32.5% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 13,600 shares of the company's stock after buying an additional 3,332 shares during the period. Hennion & Walsh Asset Management Inc.'s holdings in PepsiCo were worth $2,039,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Tcfg Wealth Management LLC increased its holdings in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after buying an additional 66 shares during the last quarter. TAGStone Capital Inc. grew its stake in PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after acquiring an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its position in PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Leavell Investment Management Inc. lifted its position in PepsiCo by 0.3% during the fourth quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company's stock valued at $4,271,000 after purchasing an additional 71 shares during the last quarter. Finally, Legacy Financial Group LLC lifted its holdings in shares of PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.8%

PepsiCo stock traded down $1.08 during trading on Friday, hitting $130.03. The company's stock had a trading volume of 7,619,600 shares, compared to its average volume of 6,594,477. The stock has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a P/E/G ratio of 3.09 and a beta of 0.47. The stock's fifty day moving average is $136.54 and its 200 day moving average is $146.43. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results 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 return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The business's revenue was down 1.8% compared to the same quarter last year. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Royal Bank of Canada reaffirmed a "sector perform" rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. Bank of America reduced their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup reduced their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, UBS Group cut their target price 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 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. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $160.69.

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.