PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by TCI Wealth Advisors Inc.

TCI Wealth Advisors Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the 1st quarter, HoldingsChannel.com reports. The fund owned 14,868 shares of the company’s stock after purchasing an additional 190 shares during the period. TCI Wealth Advisors Inc.’s holdings in PepsiCo were worth $2,229,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo in the fourth quarter valued at about $31,000. Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter valued at approximately $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo during the 4th quarter worth approximately $38,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts recently weighed in on the company. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a report on Friday, April 25th. Finally, Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and an average target price of $160.69.

PepsiCo Stock Down 0.2%

PEP stock opened at $129.07 on Thursday. 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 12 month low of $127.75 and a 12 month high of $180.91. The firm has a market capitalization of $176.97 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. The company’s 50 day simple moving average is $133.80 and its 200-day simple moving average is $144.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter last year, the company posted $1.61 EPS. PepsiCo’s quarterly revenue was down 1.8% compared to the same quarter last year. Equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.41%. PepsiCo’s payout ratio is presently 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.