PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by IFG Advisory LLC

IFG Advisory LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the second quarter, according to the company in its most recent filing with the SEC. The fund owned 11,141 shares of the company’s stock after buying an additional 289 shares during the quarter. IFG Advisory LLC’s holdings in PepsiCo were worth $1,838,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of PEP. Capital Advisors Ltd. LLC boosted its stake in PepsiCo by 3.6% in the first quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock valued at $693,000 after acquiring an additional 139 shares during the period. V Square Quantitative Management LLC boosted its position in PepsiCo by 1.1% during the 1st quarter. V Square Quantitative Management LLC now owns 16,400 shares of the company’s stock valued at $2,870,000 after purchasing an additional 180 shares during the period. Norden Group LLC grew its stake in PepsiCo by 3,345.6% during the 1st quarter. Norden Group LLC now owns 179,377 shares of the company’s stock worth $31,391,000 after buying an additional 174,171 shares during the last quarter. Marion Wealth Management increased its position in PepsiCo by 6.3% in the first quarter. Marion Wealth Management now owns 8,382 shares of the company’s stock worth $1,467,000 after buying an additional 494 shares during the period. Finally, Public Employees Retirement System of Ohio boosted its holdings in shares of PepsiCo by 1.6% during the fourth quarter. Public Employees Retirement System of Ohio now owns 715,296 shares of the company’s stock valued at $121,486,000 after acquiring an additional 11,485 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several analysts recently weighed in on PEP shares. Barclays lifted their price objective on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research report on Friday, July 19th. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. Morgan Stanley cut their target price on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. Jefferies Financial Group reduced their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, TD Cowen decreased their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Seven research analysts have rated the stock with a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Stock Up 0.5 %

PepsiCo stock traded up $0.79 during mid-day trading on Friday, hitting $172.88. The company’s stock had a trading volume of 8,677,312 shares, compared to its average volume of 5,453,207. The company has a market cap of $237.67 billion, a PE ratio of 25.09, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The firm’s 50 day moving average is $169.92 and its 200 day moving average is $170.80.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. During the same quarter in the prior year, the business earned $2.09 EPS. The company’s revenue for the quarter was up .8% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.14%. The ex-dividend date is Friday, September 6th. PepsiCo’s dividend payout ratio is 78.66%.

PepsiCo Profile

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.