PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by PFG Investments LLC

PFG Investments LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 376.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 54,961 shares of the company's stock after acquiring an additional 43,430 shares during the period. PepsiCo comprises approximately 0.6% of PFG Investments LLC's holdings, making the stock its 28th largest holding. PFG Investments LLC's holdings in PepsiCo were worth $9,619,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cerity Partners LLC increased its position in PepsiCo by 59.4% in the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company's stock worth $168,747,000 after buying an additional 370,122 shares during the period. Harbour Capital Advisors LLC grew its stake in shares of PepsiCo by 0.4% in the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company's stock worth $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter worth $405,000. Manchester Capital Management LLC grew its stake in shares of PepsiCo by 1.4% in the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company's stock worth $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC boosted its stake in PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company's stock valued at $2,091,000 after buying an additional 3,159 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Down 0.6 %

PepsiCo stock traded down $1.10 during mid-day trading on Friday, hitting $175.58. The company's stock had a trading volume of 4,472,102 shares, compared to its average volume of 5,365,961. The firm's 50 day moving average is $169.40 and its 200 day moving average is $167.88. The company has a market cap of $241.39 billion, a PE ratio of 26.40, a price-to-earnings-growth ratio of 2.88 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the business earned $1.50 EPS. The business's quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.88%. The ex-dividend date was Thursday, February 29th. PepsiCo's dividend payout ratio (DPR) is presently 76.09%.

Analysts Set New Price Targets

PEP has been the subject of several research reports. Jefferies Financial Group raised their target price on PepsiCo from $199.00 to $209.00 and gave the company a "buy" rating in a research note on Friday, April 5th. Barclays increased their price target on PepsiCo from $184.00 to $185.00 and gave the company an "overweight" rating in a research report on Thursday. Royal Bank of Canada reiterated a "sector perform" rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Finally, Wedbush reiterated an "outperform" rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to MarketBeat, PepsiCo presently has a consensus rating of "Moderate Buy" and an average target price of $187.42.

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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