Atlas Legacy Advisors LLC Invests $214,000 in PepsiCo, Inc. (NASDAQ:PEP)

Atlas Legacy Advisors LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,427 shares of the company’s stock, valued at approximately $214,000.

Other large investors have also recently made changes to their positions in the company. Elite Financial Inc. bought a new stake in PepsiCo during the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $31,000. Summit Securities Group LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in PepsiCo during the 4th quarter worth approximately $38,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 1.3%

Shares of PEP opened at $141.57 on Tuesday. The company’s fifty day moving average is $133.77 and its 200 day moving average is $140.94. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The stock has a market capitalization of $193.82 billion, a PE ratio of 25.79, a P/E/G ratio of 3.82 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, topping the consensus estimate of $2.03 by $0.09. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.28 earnings per share. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.02%. The ex-dividend date is Friday, September 5th. PepsiCo’s payout ratio is 103.64%.

Analyst Upgrades and Downgrades

A number of equities research analysts have commented on PEP shares. Bank of America decreased their target price on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday, July 11th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research report on Thursday, July 10th. Morgan Stanley lifted their price objective on shares of PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Wells Fargo & Company lifted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $158.73.

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.