Sheaff Brock Investment Advisors LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Sheaff Brock Investment Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.3% during the 1st quarter, Holdings Channel reports. The institutional investor owned 12,121 shares of the company’s stock after buying an additional 614 shares during the period. Sheaff Brock Investment Advisors LLC’s holdings in PepsiCo were worth $1,817,000 as of its most recent SEC filing.

Several other hedge funds also recently modified their holdings of PEP. Asset Management One Co. Ltd. boosted its position in PepsiCo by 3.6% in the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company’s stock worth $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC boosted its position in PepsiCo by 4.2% in the first quarter. Ignite Planners LLC now owns 3,773 shares of the company’s stock worth $566,000 after purchasing an additional 151 shares during the last quarter. Ossiam boosted its position in PepsiCo by 138.9% in the fourth quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after purchasing an additional 42,793 shares during the last quarter. Graybill Wealth Management LTD. purchased a new position in PepsiCo in the first quarter worth $3,633,000. Finally, OMERS ADMINISTRATION Corp boosted its position in PepsiCo by 12.1% in 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 during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $143.45 on Monday. The firm has a market capitalization of $196.39 billion, a P/E ratio of 26.13, a P/E/G ratio of 3.82 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The stock’s 50-day simple moving average is $133.58 and its two-hundred day simple moving average is $140.95. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91.

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

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. PepsiCo’s dividend payout ratio (DPR) is presently 103.64%.

Analysts Set New Price Targets

Several research analysts have weighed in on PEP shares. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup upped their price target on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research report on Friday, July 18th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley upped their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research report on Friday, July 18th. Finally, UBS Group dropped their price target on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One investment 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. According to data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average price target of $158.73.

PepsiCo 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.