PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Transcend Capital Advisors LLC

Transcend Capital Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% during the first quarter, Holdings Channel reports. The firm owned 31,390 shares of the company’s stock after acquiring an additional 1,619 shares during the quarter. Transcend Capital Advisors LLC’s holdings in PepsiCo were worth $4,707,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the 4th quarter valued at about $31,000. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. acquired a new position in shares of PepsiCo in the fourth quarter valued at approximately $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ PEP opened at $128.22 on Friday. The firm has a market capitalization of $175.80 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.68 and a beta of 0.45. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91. The business’s 50-day simple moving average is $132.07 and its 200-day simple moving average is $143.22.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share 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 net margin of 10.24% and a return on equity of 58.28%. The business’s revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.44%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is currently 83.68%.

Analyst Ratings Changes

Several equities analysts have issued reports on the company. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and dropped their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Citigroup lowered their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Royal Bank Of Canada reissued a “sector perform” rating and issued a $148.00 price objective on shares of PepsiCo in a research note on Tuesday. Finally, Dbs Bank lowered shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $159.75.

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.