Lake Street Advisors Group LLC Buys 135 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lake Street Advisors Group LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 0.6% during the second quarter, Holdings Channel.com reports. The institutional investor owned 22,219 shares of the company’s stock after purchasing an additional 135 shares during the period. Lake Street Advisors Group LLC’s holdings in PepsiCo were worth $3,665,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Gilbert & Cook Inc. grew its stake in shares of PepsiCo by 23.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after buying an additional 1,133 shares in the last quarter. Aveo Capital Partners LLC grew its position in PepsiCo by 4.4% in the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after acquiring an additional 229 shares in the last quarter. 9258 Wealth Management LLC increased its stake in PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares during the last quarter. Gryphon Financial Partners LLC raised its position in PepsiCo by 81.3% during the fourth quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after purchasing an additional 3,635 shares during the period. Finally, Kovitz Investment Group Partners LLC boosted its holdings in shares of PepsiCo by 3.0% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 28,767 shares of the company’s stock worth $4,886,000 after purchasing an additional 833 shares during the period. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

PEP has been the subject of a number of analyst reports. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a report on Wednesday, July 3rd. Royal Bank of Canada cut their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a research report on Friday, July 19th. Finally, Morgan Stanley reduced their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Price Performance

Shares of PEP stock opened at $177.34 on Friday. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. The stock has a fifty day simple moving average of $170.96 and a two-hundred day simple moving average of $171.13. The stock has a market capitalization of $243.59 billion, a price-to-earnings ratio of 25.74, a P/E/G ratio of 2.98 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results 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 business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter last year, the firm posted $2.09 EPS. The company’s revenue for the quarter was up .8% on a year-over-year basis. On average, analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. PepsiCo’s dividend payout ratio is presently 78.66%.

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.