Signet Investment Advisory Group Inc. Has $3.17 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Signet Investment Advisory Group Inc. boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 10.8% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 21,144 shares of the company's stock after buying an additional 2,068 shares during the quarter. PepsiCo makes up approximately 1.6% of Signet Investment Advisory Group Inc.'s holdings, making the stock its 26th largest holding. Signet Investment Advisory Group Inc.'s holdings in PepsiCo were worth $3,170,000 as of its most recent filing with the SEC.

A number of other large investors also recently made changes to their positions in the stock. BKM Wealth Management LLC lifted its stake in shares of PepsiCo by 19.6% in the 1st quarter. BKM Wealth Management LLC now owns 11,112 shares of the company's stock valued at $1,666,000 after purchasing an additional 1,822 shares during the period. WNY Asset Management LLC lifted its stake in shares of PepsiCo by 8.0% in the 1st quarter. WNY Asset Management LLC now owns 8,650 shares of the company's stock valued at $1,297,000 after purchasing an additional 639 shares during the period. Montag A & Associates Inc. lifted its stake in shares of PepsiCo by 0.5% in the 1st quarter. Montag A & Associates Inc. now owns 83,030 shares of the company's stock valued at $12,449,000 after purchasing an additional 408 shares during the period. IFP Advisors Inc lifted its stake in shares of PepsiCo by 5.3% in the 1st quarter. IFP Advisors Inc now owns 19,649 shares of the company's stock valued at $2,946,000 after purchasing an additional 992 shares during the period. Finally, OneAscent Financial Services LLC lifted its stake in shares of PepsiCo by 130.8% in the 1st quarter. OneAscent Financial Services LLC now owns 11,936 shares of the company's stock valued at $1,788,000 after purchasing an additional 6,764 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Trading Down 1.5%

PepsiCo stock opened at $143.24 on Friday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $180.91. The stock has a market capitalization of $196.39 billion, a P/E ratio of 26.09, a PEG ratio of 4.38 and a beta of 0.45. The stock has a 50-day simple moving average of $132.23 and a 200 day simple moving average of $141.11. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.65 and a current ratio of 0.78.

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

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 3.97%. PepsiCo's dividend payout ratio is presently 103.64%.

Wall Street Analyst Weigh In

Several brokerages recently commented on PEP. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research note on Friday. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $157.93.

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.

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