Secured Retirement Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Secured Retirement Advisors LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 1,953 shares of the company's stock, valued at approximately $293,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. TAGStone Capital Inc. increased its stake in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after buying an additional 70 shares during the period. Lokken Investment Group LLC grew its holdings in PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Group LLC increased its position in shares of PepsiCo by 4.9% in the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock valued at $227,000 after acquiring an additional 71 shares during the period. Atlantic Private Wealth LLC raised its stake in shares of PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock valued at $42,000 after acquiring an additional 75 shares during the last quarter. Finally, Pflug Koory LLC boosted its holdings in shares of PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares during the period. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 0.6%

Shares of NASDAQ PEP traded down $0.82 during trading on Friday, reaching $135.26. The company had a trading volume of 7,958,581 shares, compared to its average volume of 7,078,854. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The business's 50-day moving average is $131.49 and its 200 day moving average is $141.58. The stock has a market cap of $185.45 billion, a PE ratio of 19.89, a P/E/G ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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). The firm had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period last year, the company posted $1.61 earnings per share. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.21%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analyst Ratings Changes

A number of research firms have commented on PEP. UBS Group lowered their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Morgan Stanley dropped their price target on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays dropped 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. Finally, Citigroup decreased their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $158.19.

About PepsiCo

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.