Financial Advisors Network Inc. Purchases Shares of 2,003 PepsiCo, Inc. $PEP

Financial Advisors Network Inc. acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,003 shares of the company’s stock, valued at approximately $300,000.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. GSG Advisors LLC raised its stake in PepsiCo by 5.1% during the 1st quarter. GSG Advisors LLC now owns 2,580 shares of the company’s stock valued at $376,000 after acquiring an additional 126 shares in the last quarter. M Holdings Securities Inc. lifted its holdings in PepsiCo by 13.8% in the first quarter. M Holdings Securities Inc. now owns 15,794 shares of the company’s stock worth $2,368,000 after purchasing an additional 1,912 shares during the period. Quantbot Technologies LP grew its position in PepsiCo by 459.6% in the 1st quarter. Quantbot Technologies LP now owns 20,431 shares of the company’s stock valued at $3,063,000 after buying an additional 16,780 shares in the last quarter. RWA Wealth Partners LLC increased its stake in PepsiCo by 6.1% during the 1st quarter. RWA Wealth Partners LLC now owns 253,789 shares of the company’s stock valued at $38,053,000 after buying an additional 14,558 shares during the period. Finally, Edgar Lomax Co. VA bought a new stake in shares of PepsiCo during the 1st quarter worth about $5,010,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.6%

PEP stock opened at $149.55 on Tuesday. The company’s 50 day simple moving average is $137.79 and its 200-day simple moving average is $140.48. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $179.73. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm has a market capitalization of $204.75 billion, a P/E ratio of 27.24, a P/E/G ratio of 4.01 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The company had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the prior year, the company earned $2.28 earnings per share. The company’s revenue for the quarter was up 1.0% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio is currently 103.64%.

Analyst Upgrades and Downgrades

PEP has been the subject of several recent analyst reports. Wells Fargo & Company increased their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Evercore ISI set a $140.00 price target on PepsiCo in a research note on Thursday, April 24th. UBS Group dropped their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Citigroup upped their price objective on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus 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.