Powers Advisory Group LLC Buys 80 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Powers Advisory Group LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.1% during the first quarter, Holdings Channel reports. The firm owned 7,141 shares of the company’s stock after purchasing an additional 80 shares during the period. PepsiCo makes up approximately 0.7% of Powers Advisory Group LLC’s portfolio, making the stock its 27th largest position. Powers Advisory Group LLC’s holdings in PepsiCo were worth $1,250,000 at the end of the most recent reporting period.

Other institutional investors have also bought and sold shares of the company. LFA Lugano Financial Advisors SA raised its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the last quarter. Fortis Group Advisors LLC lifted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the 1st quarter worth approximately $35,000. Life Planning Partners Inc bought a new stake in PepsiCo during the fourth quarter worth $34,000. Finally, Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $36,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently weighed in on PEP. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. BNP Paribas started coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. TD Cowen dropped their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday. Finally, Barclays decreased their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $186.64.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.98 on Thursday, hitting $162.60. The company’s stock had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a market capitalization of $223.54 billion, a PE ratio of 24.45, a PEG ratio of 2.69 and a beta of 0.52. The company has a 50-day simple moving average of $172.65 and a 200 day simple moving average of $170.19.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS 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 firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Insider Activity at PepsiCo

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

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.