Heritage Oak Wealth Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

Heritage Oak Wealth Advisors LLC acquired a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm acquired 2,544 shares of the company’s stock, valued at approximately $420,000.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Clearbridge Investments LLC lifted its stake in shares of PepsiCo by 0.7% in the 2nd quarter. Clearbridge Investments LLC now owns 1,405,977 shares of the company’s stock valued at $231,888,000 after purchasing an additional 9,951 shares during the period. KPP Advisory Services LLC increased its position in PepsiCo by 4.0% during the 2nd quarter. KPP Advisory Services LLC now owns 8,150 shares of the company’s stock valued at $1,344,000 after buying an additional 313 shares in the last quarter. New Century Financial Group LLC increased its position in PepsiCo by 12.5% during the 2nd quarter. New Century Financial Group LLC now owns 5,150 shares of the company’s stock valued at $849,000 after buying an additional 571 shares in the last quarter. Founders Financial Alliance LLC increased its position in PepsiCo by 1.8% during the 2nd quarter. Founders Financial Alliance LLC now owns 8,961 shares of the company’s stock valued at $1,478,000 after buying an additional 162 shares in the last quarter. Finally, Aldebaran Financial Inc. bought a new position in PepsiCo during the 2nd quarter valued at approximately $200,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts recently weighed in on PEP shares. TD Cowen reduced their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. Bank of America reduced their price objective on PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research report on Monday. Royal Bank of Canada reduced their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a report on Friday, July 12th. Barclays lifted their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a report on Friday, July 19th. Finally, JPMorgan Chase & Co. reduced their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Nine equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and an average price target of $185.20.

PepsiCo Trading Up 0.0 %

Shares of NASDAQ PEP opened at $170.05 on Tuesday. The business’s 50 day moving average is $173.82 and its two-hundred day moving average is $172.12. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41. The stock has a market capitalization of $233.78 billion, a P/E ratio of 24.68, a PEG ratio of 2.93 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company had revenue of $22.50 billion for the quarter, compared to analysts’ expectations of $22.59 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue for the quarter was up .8% on a year-over-year basis. As a group, research analysts expect that PepsiCo, Inc. will post 8.14 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.19%. PepsiCo’s dividend payout ratio is 78.66%.

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.