Investor s Fiduciary Advisor Network LLC Acquires Shares of 5,280 PepsiCo, Inc. (NASDAQ:PEP)

Investor s Fiduciary Advisor Network LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 5,280 shares of the company’s stock, valued at approximately $802,000.

A number of other large investors have also recently made changes to their positions in PEP. Collier Financial purchased a new stake in shares of PepsiCo during the 4th quarter worth $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. purchased a new position in shares of PepsiCo in the 4th quarter worth approximately $30,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo during the 4th quarter worth approximately $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $130.44 on Friday. The stock has a market capitalization of $178.84 billion, a price-to-earnings ratio of 18.77, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The stock’s fifty day simple moving average is $143.73 and its 200-day simple moving average is $150.88. PepsiCo, Inc. has a 52-week low of $130.16 and a 52-week high of $183.41. 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 results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates 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 net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period last year, the firm earned $1.61 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed 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. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.36%. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Analysts Set New Price Targets

PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research report on Wednesday, January 22nd. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Finally, UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus rating of “Hold” and an average target price of $160.69.

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.