Advisory Services Network LLC Boosts Position in PepsiCo, Inc. $PEP

Advisory Services Network LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 23.4% in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 82,490 shares of the company’s stock after acquiring an additional 15,639 shares during the quarter. Advisory Services Network LLC’s holdings in PepsiCo were worth $11,377,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the stock. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the 1st quarter valued at about $25,000. Legend Financial Advisors Inc. purchased a new stake in PepsiCo in the second quarter worth about $29,000. Vermillion & White Wealth Management Group LLC boosted its position in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after acquiring an additional 121 shares in the last quarter. Frazier Financial Advisors LLC grew its holdings in shares of PepsiCo by 85.3% during the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after acquiring an additional 122 shares during the period. Finally, Binnacle Investments Inc raised its position in shares of PepsiCo by 33.2% in the 2nd quarter. Binnacle Investments Inc now owns 285 shares of the company’s stock worth $38,000 after acquiring an additional 71 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on PEP shares. Wall Street Zen upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday. Barclays lifted their price target on shares of PepsiCo from $142.00 to $144.00 and gave the company an “equal weight” rating in a research report on Wednesday. BNP Paribas Exane lowered their target price on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating for the company in a report on Monday, October 6th. HSBC raised their price objective on PepsiCo from $145.00 to $152.00 and gave the company a “hold” rating in a research report on Friday, October 10th. Finally, Rothschild & Co Redburn boosted their target price on PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Eight equities research analysts have rated the stock with a Buy rating, thirteen have assigned a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo has an average rating of “Hold” and an average price target of $158.35.

PepsiCo Stock Up 1.1%

Shares of PEP opened at $150.65 on Friday. The business’s 50 day moving average is $147.30 and its 200 day moving average is $142.29. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $160.15. The company has a market capitalization of $205.99 billion, a PE ratio of 28.64, a price-to-earnings-growth ratio of 5.20 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion during the quarter, compared to analyst estimates of $23.91 billion. During the same period last year, the firm posted $2.31 EPS. The company’s revenue was up 2.7% on a year-over-year basis. Research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

About PepsiCo

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.