Net Worth Advisory Group Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Net Worth Advisory Group raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.5% during the 1st quarter, Holdings Channel reports. The firm owned 10,318 shares of the company’s stock after buying an additional 1,065 shares during the quarter. Net Worth Advisory Group’s holdings in PepsiCo were worth $1,547,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently modified their holdings of the stock. Ossiam grew its holdings in PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after acquiring an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp boosted its position in PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after purchasing an additional 13,461 shares in the last quarter. Hutner Capital Management Inc. boosted its position in PepsiCo by 14.6% during the fourth quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after purchasing an additional 6,865 shares in the last quarter. Polar Asset Management Partners Inc. purchased a new position in PepsiCo during the fourth quarter worth approximately $47,899,000. Finally, Inspire Trust Co. N.A. boosted its position in PepsiCo by 39.2% during the fourth quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock worth $2,604,000 after purchasing an additional 4,825 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of recent analyst reports. Morgan Stanley lowered their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research report on Friday, April 25th. Citigroup reduced their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a report on Friday, April 25th. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Bank of America reduced their target price on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Price Performance

NASDAQ:PEP opened at $129.90 on Thursday. The stock has a 50 day moving average price of $135.04 and a 200 day moving average price of $145.63. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The stock has a market cap of $178.10 billion, a PE ratio of 18.69, a P/E/G ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s revenue was down 1.8% compared to the same quarter last year. During the same period last year, the business earned $1.61 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.38%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

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.