PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Dover Advisors LLC

Dover Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.7% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 16,774 shares of the company’s stock after purchasing an additional 1,628 shares during the period. PepsiCo accounts for 1.1% of Dover Advisors LLC’s portfolio, making the stock its 23rd biggest position. Dover Advisors LLC’s holdings in PepsiCo were worth $2,515,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. WealthTrak Capital Management LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter valued at approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $33,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on PEP shares. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays lowered their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. Finally, Royal Bank of Canada reiterated a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research report on Tuesday, April 22nd. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 1.1%

NASDAQ PEP opened at $130.85 on Friday. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The company has a market capitalization of $179.41 billion, a P/E ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45. The company’s 50 day simple moving average is $134.63 and its 200 day simple moving average is $145.20. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last posted its quarterly 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 company had revenue of $17.92 billion during 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%. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the company posted $1.61 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 given a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.35%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

About PepsiCo

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.