Vickerman Investment Advisors Inc. Purchases 3,693 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Vickerman Investment Advisors Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.5% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 21,686 shares of the company's stock after purchasing an additional 3,693 shares during the period. Vickerman Investment Advisors Inc.'s holdings in PepsiCo were worth $3,252,000 at the end of the most recent reporting period.

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

Analyst Ratings Changes

Several equities research analysts recently issued reports on PEP shares. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Morgan Stanley reduced their price objective on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research report on Friday, April 25th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research note on Monday, April 21st. One 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 stock currently has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.91 during trading hours on Friday, hitting $135.58. The company's stock had a trading volume of 4,941,378 shares, compared to its average volume of 7,059,939. The company has a market cap of $185.88 billion, a PE ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. The business has a 50 day moving average price of $131.40 and a two-hundred day moving average price of $142.17. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Thursday, April 24th. The company reported $1.48 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 period in the prior year, the firm posted $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.20%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) 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.