Valeo Financial Advisors LLC Buys 5,627 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Valeo Financial Advisors LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.2% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 84,097 shares of the company's stock after acquiring an additional 5,627 shares during the quarter. Valeo Financial Advisors LLC's holdings in PepsiCo were worth $12,610,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter valued at approximately $28,000. Elite Financial Inc. bought a new position in PepsiCo in the 1st quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter valued at approximately $31,000. Finally, Summit Securities Group LLC bought a new position in PepsiCo in the 4th quarter valued at approximately $33,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on PEP. Morgan Stanley lowered their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research report on Friday, April 25th. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group decreased their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research note on Tuesday, June 24th. One investment 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 MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.19.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $0.82 during midday trading on Friday, hitting $135.26. The company had a trading volume of 7,958,581 shares, compared to its average volume of 7,077,247. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The company has a market cap of $185.45 billion, a price-to-earnings ratio of 19.89, a PEG ratio of 4.26 and a beta of 0.45. The company has a fifty day moving average of $131.49 and a two-hundred day moving average of $141.65.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 EPS. The company's quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is presently 83.68%.

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.