RFG Advisory LLC Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

RFG Advisory LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.1% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 18,722 shares of the company’s stock after purchasing an additional 1,876 shares during the quarter. RFG Advisory LLC’s holdings in PepsiCo were worth $3,088,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also made changes to their positions in the business. Valued Wealth Advisors LLC lifted its position in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo during the 1st quarter worth $35,000. Naples Money Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in PepsiCo in the fourth quarter valued at about $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

PepsiCo stock traded down $0.98 during midday trading on Monday, reaching $171.41. The stock had a trading volume of 2,101,163 shares, compared to its average volume of 5,517,989. The firm’s fifty day simple moving average is $168.09 and its two-hundred day simple moving average is $170.38. 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 twelve month low of $155.83 and a twelve month high of $184.86. The firm has a market cap of $235.65 billion, a price-to-earnings ratio of 25.02, a PEG ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same period in the previous year, the firm posted $2.09 earnings per share. The firm’s revenue was up .8% on a year-over-year basis. Equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.16%. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. dropped their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Barclays increased their price target on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. Finally, 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 research note on Friday, July 12th. Eight equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, PepsiCo has a consensus rating of “Hold” and an average price target of $185.53.

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.