Aviso Financial Inc. Boosts Holdings in PepsiCo, Inc. $PEP

Aviso Financial Inc. lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.4% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 216,303 shares of the company’s stock after acquiring an additional 3,051 shares during the quarter. PepsiCo accounts for approximately 1.6% of Aviso Financial Inc.’s investment portfolio, making the stock its 24th biggest holding. Aviso Financial Inc.’s holdings in PepsiCo were worth $32,432,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth about $28,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth about $31,000. Sunbeam Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $47,000. MorganRosel Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $55,000. Finally, Migdal Insurance & Financial Holdings Ltd. acquired a new stake in PepsiCo in the 1st quarter valued at about $58,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of analysts have commented on PEP shares. Royal Bank Of Canada reiterated a “sector perform” rating and issued a $148.00 price objective on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Wells Fargo & Company increased their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the company an “equal weight” rating in a report on Friday, July 18th. Citigroup increased their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a “buy” rating in a report on Friday, July 18th. Finally, Bank of America dropped their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating for the company in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $158.73.

PepsiCo Trading Up 1.2%

NASDAQ PEP opened at $150.40 on Monday. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm has a market cap of $205.91 billion, a PE ratio of 27.40, a P/E/G ratio of 4.01 and a beta of 0.45. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $179.73. The firm’s fifty day moving average is $137.39 and its two-hundred day moving average is $140.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts’ consensus estimates of $2.03 by $0.09. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. PepsiCo’s quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the previous year, the business posted $2.28 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is presently 103.64%.

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.