Ballew Advisors Inc Invests $857,000 in PepsiCo, Inc. (NASDAQ:PEP)

Ballew Advisors Inc acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund acquired 5,937 shares of the company’s stock, valued at approximately $857,000.

Several other hedge funds have also recently bought and sold shares of PEP. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the fourth quarter worth $31,000. Finally, Summit Securities Group LLC purchased a new stake in shares of PepsiCo during the fourth quarter worth $33,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of recent research reports. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Barclays cut their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. UBS Group decreased their price target on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Finally, Citigroup dropped their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Trading Up 1.8%

PEP opened at $132.30 on Friday. PepsiCo, Inc. has a one year low of $127.75 and a one year high of $180.91. The company has a market cap of $181.39 billion, a P/E ratio of 19.04, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s 50-day simple moving average is $134.82 and its 200-day simple moving average is $145.42.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.61 EPS. As a group, equities research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.30%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

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.