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

Valeo Financial Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 7.2% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 84,097 shares of the company's stock after acquiring an additional 5,627 shares during the period. Valeo Financial Advisors LLC's holdings in PepsiCo were worth $12,610,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new stake in PepsiCo during the first quarter valued at about $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo in the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 price target on shares of PepsiCo in a research note on Tuesday, June 24th. UBS Group dropped 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. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Finally, Citigroup decreased their price target on PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $159.75.

PepsiCo Price Performance

PEP traded up $0.59 on Tuesday, reaching $135.04. The company had a trading volume of 7,714,987 shares, compared to its average volume of 7,065,402. The company has a market cap of $185.15 billion, a price-to-earnings ratio of 19.86, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The business has a 50 day simple moving average of $131.42 and a 200 day simple moving average of $141.98. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the prior year, the firm earned $1.61 earnings per share. The company's revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued 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 yield of 4.21%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 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.