4,581 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Edge Financial Advisors LLC

Edge Financial Advisors LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the first quarter, HoldingsChannel.com reports. The firm bought 4,581 shares of the company’s stock, valued at approximately $802,000.

Other hedge funds have also made changes to their positions in the company. LFA Lugano Financial Advisors SA increased its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC boosted its position in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $35,000. Life Planning Partners Inc acquired a new position in PepsiCo in the 4th quarter valued at $34,000. Finally, Naples Money Management LLC purchased a new position in shares of PepsiCo during the 4th quarter worth $36,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the subject of several analyst reports. Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. TD Cowen decreased their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Finally, JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Seven analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Moderate Buy” and a consensus target price of $186.64.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is currently owned by insiders.

PepsiCo Stock Up 0.5 %

PEP traded up $0.81 on Friday, reaching $163.41. The company’s stock had a trading volume of 752,593 shares, compared to its average volume of 5,445,693. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The business’s 50 day moving average is $172.37 and its 200 day moving average is $170.13. The stock has a market cap of $224.65 billion, a price-to-earnings ratio of 24.58, a price-to-earnings-growth ratio of 2.67 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter last year, the company earned $1.50 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.32%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

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.