Silver Lake Advisory LLC Acquires 44,691 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Silver Lake Advisory LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 791.8% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 50,335 shares of the company’s stock after buying an additional 44,691 shares during the quarter. PepsiCo comprises approximately 1.5% of Silver Lake Advisory LLC’s investment portfolio, making the stock its 15th largest holding. Silver Lake Advisory LLC’s holdings in PepsiCo were worth $8,302,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PEP. Valued Wealth Advisors LLC grew its stake in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the period. Fortis Group Advisors LLC grew its position in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo during the 1st quarter valued at $35,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at $36,000. Finally, Criterion Capital Advisors LLC acquired a new position in shares of PepsiCo during the fourth quarter valued at about $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

NASDAQ PEP traded up $0.10 during trading on Friday, reaching $172.62. The company’s stock had a trading volume of 4,614,754 shares, compared to its average volume of 5,492,265. The stock has a market capitalization of $237.11 billion, a PE ratio of 25.05, a P/E/G ratio of 2.98 and a beta of 0.52. 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 has a fifty day moving average of $168.09 and a 200 day moving average of $170.52. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted 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 analysts’ expectations of $22.59 billion. During the same quarter last year, the company posted $2.09 EPS. The business’s quarterly revenue was up .8% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

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

Analyst Ratings Changes

A number of equities analysts have issued reports on PEP shares. Royal Bank of Canada cut their price objective on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a research note on Friday, July 19th. TD Cowen cut their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group dropped their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Company 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.