Janney Montgomery Scott LLC Acquires 26,800 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Janney Montgomery Scott LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 908,751 shares of the company’s stock after purchasing an additional 26,800 shares during the period. Janney Montgomery Scott LLC’s holdings in PepsiCo were worth $136,258,000 as of its most recent filing with the SEC.

A number of other institutional investors have also made changes to their positions in PEP. WealthTrak Capital Management LLC acquired a new stake in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in PepsiCo during the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC acquired a new stake in PepsiCo during the fourth quarter worth about $33,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. Barclays cut their price objective on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a report on Tuesday, April 22nd. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Trading Down 1.1%

Shares of PEP opened at $130.85 on Monday. The stock has a fifty day moving average price of $134.63 and a two-hundred day moving average price of $144.96. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $127.75 and a 52-week high of $180.91. The company has a market cap of $179.41 billion, a price-to-earnings ratio of 18.83, a PEG ratio of 3.09 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data 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 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%. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 EPS. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced 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. 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 4.35%. The ex-dividend date is Friday, June 6th. 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.