Savvy Advisors Inc. Purchases 5,052 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Savvy Advisors Inc. lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 81.4% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 11,257 shares of the company's stock after purchasing an additional 5,052 shares during the quarter. Savvy Advisors Inc.'s holdings in PepsiCo were worth $1,688,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Elite Financial Inc. purchased a new position in PepsiCo during the 1st quarter valued at $28,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the 4th quarter worth $31,000. GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo in the 4th quarter worth $38,000. Bridge Generations Wealth Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth $38,000. Finally, Sunbeam Capital Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth $47,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PEP shares. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Bank of America reduced their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. JPMorgan Chase & Co. reduced their target price on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Barclays upped their target price on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, PepsiCo has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 2.2%

NASDAQ:PEP opened at $143.92 on Friday. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $179.73. The business's 50-day moving average is $135.19 and its two-hundred day moving average is $140.76. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $197.04 billion, a PE ratio of 26.21, a price-to-earnings-growth ratio of 3.75 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, beating the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company's revenue was up 1.0% on a year-over-year basis. During the same period last year, the firm earned $2.28 earnings per share. Research analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a yield of 4.0%. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.