Tectonic Advisors LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

Tectonic Advisors LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP) by 12.0% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 50,320 shares of the company’s stock after purchasing an additional 5,382 shares during the quarter. Tectonic Advisors LLC’s holdings in PepsiCo were worth $7,545,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. Larson Financial Group LLC lifted its stake in shares of PepsiCo by 9.5% in the 1st quarter. Larson Financial Group LLC now owns 16,132 shares of the company’s stock valued at $2,419,000 after purchasing an additional 1,400 shares during the period. Sage Mountain Advisors LLC lifted its stake in shares of PepsiCo by 10.1% in the 1st quarter. Sage Mountain Advisors LLC now owns 8,888 shares of the company’s stock valued at $1,333,000 after purchasing an additional 818 shares during the period. Landaas & Co. WI ADV lifted its stake in shares of PepsiCo by 6.7% in the 1st quarter. Landaas & Co. WI ADV now owns 1,709 shares of the company’s stock valued at $256,000 after purchasing an additional 107 shares during the period. Patrick Mauro Investment Advisor INC. lifted its stake in shares of PepsiCo by 23.7% in the 1st quarter. Patrick Mauro Investment Advisor INC. now owns 37,339 shares of the company’s stock valued at $5,599,000 after purchasing an additional 7,143 shares during the period. Finally, BluePointe Capital Management LLC purchased a new position in shares of PepsiCo in the 1st quarter valued at approximately $265,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of analysts have commented on PEP shares. Morgan Stanley reduced their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. JPMorgan Chase & Co. cut their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating for the company in a report on Thursday, July 10th. Finally, Royal Bank Of Canada reaffirmed a “sector perform” rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. One 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’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $158.19.

PepsiCo Trading Up 0.2%

Shares of NASDAQ PEP opened at $135.57 on Tuesday. The business’s 50 day moving average price is $131.56 and its 200-day moving average price is $141.38. The company has a market cap of $185.88 billion, a price-to-earnings ratio of 19.94, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the business posted $1.61 earnings per share. The company’s revenue was down 1.8% compared to the same quarter last year. On average, sell-side analysts expect 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 was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were given a dividend of $1.4225 per share. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is currently 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.