PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Redhawk Wealth Advisors Inc.

Redhawk Wealth Advisors Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% in the first quarter, Holdings Channel.com reports. The fund owned 3,002 shares of the company’s stock after purchasing an additional 127 shares during the period. Redhawk Wealth Advisors Inc.’s holdings in PepsiCo were worth $450,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of PEP. Tallon Kerry Patrick acquired a new stake in shares of PepsiCo during the 4th quarter valued at approximately $224,000. Brighton Jones LLC raised its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $9,268,000. Strategic Financial Concepts LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $162,000. Finally, Stonebridge Financial Group LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $610,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on PEP shares. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group cut their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a report on Friday, April 25th. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Down 1.5%

Shares of NASDAQ PEP opened at $129.90 on Thursday. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The firm has a fifty day moving average of $135.04 and a 200-day moving average of $145.63. The stock has a market capitalization of $178.10 billion, a PE ratio of 18.69, a P/E/G ratio of 3.09 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the firm earned $1.61 earnings per share. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

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