PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Annex Advisory Services LLC

Annex Advisory Services LLC increased its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 5,565 shares of the company’s stock after buying an additional 241 shares during the quarter. Annex Advisory Services LLC’s holdings in PepsiCo were worth $834,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. Thurston Springer Miller Herd & Titak Inc. raised its position in shares of PepsiCo by 19.6% in the first quarter. Thurston Springer Miller Herd & Titak Inc. now owns 21,164 shares of the company’s stock worth $3,173,000 after acquiring an additional 3,475 shares during the period. Steigerwald Gordon & Koch Inc. raised its position in shares of PepsiCo by 25.0% during the 1st quarter. Steigerwald Gordon & Koch Inc. now owns 3,114 shares of the company’s stock worth $467,000 after purchasing an additional 622 shares during the last quarter. Diligent Investors LLC raised its position in shares of PepsiCo by 2.5% during the 1st quarter. Diligent Investors LLC now owns 7,649 shares of the company’s stock worth $1,147,000 after purchasing an additional 187 shares during the last quarter. Naples Global Advisors LLC raised its position in shares of PepsiCo by 3.0% during the 1st quarter. Naples Global Advisors LLC now owns 25,678 shares of the company’s stock worth $3,850,000 after purchasing an additional 747 shares during the last quarter. Finally, HF Advisory Group LLC raised its position in shares of PepsiCo by 21.3% during the 1st quarter. HF Advisory Group LLC now owns 14,955 shares of the company’s stock worth $2,242,000 after purchasing an additional 2,627 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

PEP stock opened at $131.11 on Friday. The business has a fifty day moving average of $136.54 and a two-hundred day moving average of $146.43. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The stock has a market cap of $179.76 billion, a price-to-earnings ratio of 18.86, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a $1.4225 dividend. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.34%. PepsiCo’s payout ratio is presently 83.68%.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research report on Monday, April 28th. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Morgan Stanley reduced their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Citigroup decreased their target price on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company. According to MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus target price of $160.69.

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.