PepsiCo, Inc. (NASDAQ:PEP) Stake Boosted by IFG Advisory LLC

IFG Advisory LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 14.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,752 shares of the company’s stock after purchasing an additional 1,692 shares during the quarter. IFG Advisory LLC’s holdings in PepsiCo were worth $2,062,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PEP. Northern Trust Corp grew its holdings in PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock worth $2,494,300,000 after buying an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp grew its holdings in PepsiCo by 0.4% in the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after buying an additional 49,699 shares in the last quarter. Capital Research Global Investors grew its holdings in PepsiCo by 7.4% in the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company’s stock worth $1,832,116,000 after buying an additional 831,148 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in PepsiCo by 3.8% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company’s stock valued at $1,720,942,000 after purchasing an additional 416,537 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in PepsiCo by 9.3% during the 1st quarter. Massachusetts Financial Services Co. MA now owns 10,878,718 shares of the company’s stock valued at $1,631,155,000 after purchasing an additional 923,766 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts have issued reports on PEP shares. Barclays increased their price target on PepsiCo from $132.00 to $144.00 and gave the company an “equal weight” rating in a research note on Monday, July 21st. Citigroup increased their price target on PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a research note on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating on shares of PepsiCo in a research note on Thursday, July 17th. Finally, Morgan Stanley increased their price target on PepsiCo from $153.00 to $165.00 and gave the company an “equal weight” rating in a research note on Friday, July 18th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $158.73.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $139.28 on Friday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The stock has a fifty day moving average of $134.63 and a 200-day moving average of $140.87. The company has a market capitalization of $190.69 billion, a PE ratio of 25.37, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion during 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 revenue for the quarter was up 1.0% on a year-over-year basis. During the same quarter in the prior year, the company earned $2.28 earnings per share. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, September 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.1%. PepsiCo’s dividend payout ratio is presently 103.64%.

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.