Toth Financial Advisory Corp Boosts Position in PepsiCo, Inc. (NASDAQ:PEP)

Toth Financial Advisory Corp lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 58,794 shares of the company’s stock after buying an additional 1,002 shares during the quarter. Toth Financial Advisory Corp’s holdings in PepsiCo were worth $8,816,000 at the end of the most recent quarter.

Other large investors also recently modified their holdings of the company. Tallon Kerry Patrick purchased a new position in PepsiCo during the fourth quarter worth about $224,000. Brighton Jones LLC boosted its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in shares of PepsiCo during the fourth quarter worth about $9,268,000. Silver Oak Securities Incorporated increased its position in shares of PepsiCo by 28.5% in the fourth quarter. Silver Oak Securities Incorporated now owns 3,160 shares of the company’s stock worth $479,000 after purchasing an additional 700 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new stake in PepsiCo in the fourth quarter valued at approximately $162,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ:PEP opened at $130.03 on Monday. 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 company has a market cap of $178.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The company has a 50-day moving average price of $136.15 and a 200-day moving average price of $146.06.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.38%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

Analyst Upgrades and Downgrades

A number of brokerages have recently commented on PEP. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays reduced their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Finally, UBS Group cut their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target 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.