PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by CGN Advisors LLC

CGN Advisors LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 23,039 shares of the company’s stock after buying an additional 980 shares during the quarter. CGN Advisors LLC’s holdings in PepsiCo were worth $3,454,000 as of its most recent filing with the SEC.

Other hedge funds have also modified their holdings of the company. Bridge Creek Capital Management LLC increased its stake in PepsiCo by 0.5% during the 1st quarter. Bridge Creek Capital Management LLC now owns 37,694 shares of the company’s stock worth $5,652,000 after buying an additional 185 shares during the period. Legacy Financial Group LLC boosted its position in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after buying an additional 71 shares during the last quarter. Spring Capital Management LLC grew its stake in shares of PepsiCo by 4.5% during the first quarter. Spring Capital Management LLC now owns 27,854 shares of the company’s stock valued at $4,176,000 after acquiring an additional 1,194 shares in the last quarter. Marshall & Sullivan Inc. WA increased its position in shares of PepsiCo by 0.6% during the first quarter. Marshall & Sullivan Inc. WA now owns 31,088 shares of the company’s stock worth $4,661,000 after acquiring an additional 200 shares during the last quarter. Finally, Bank & Trust Co lifted its stake in shares of PepsiCo by 15.5% in the first quarter. Bank & Trust Co now owns 6,683 shares of the company’s stock worth $1,002,000 after acquiring an additional 899 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and lowered their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. Barclays cut their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Finally, Morgan Stanley cut their target price on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a research note on Friday, April 25th. One 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 stock. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Performance

PEP stock opened at $130.91 on Tuesday. The stock’s fifty day moving average is $137.62 and its two-hundred day moving average is $146.83. The stock has a market capitalization of $179.49 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 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 analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.35%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

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.