Integrated Advisors Network LLC Has $5.36 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Integrated Advisors Network LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 107.1% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 35,757 shares of the company’s stock after buying an additional 18,489 shares during the quarter. Integrated Advisors Network LLC’s holdings in PepsiCo were worth $5,361,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Collier Financial acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at about $30,000. Finally, Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the fourth quarter valued at about $31,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP opened at $131.83 on Wednesday. The stock has a market cap of $180.75 billion, a P/E ratio of 18.97, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock’s 50-day moving average is $135.37 and its 200-day moving average is $145.74. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s payout ratio is 83.68%.

Analyst Ratings Changes

A number of research analysts recently commented on PEP shares. Morgan Stanley dropped their price target on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Bank of America dropped their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Citigroup dropped their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $160.69.

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.