Powers Advisory Group LLC Purchases 652 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Powers Advisory Group LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 7,889 shares of the company’s stock after purchasing an additional 652 shares during the quarter. PepsiCo comprises 0.6% of Powers Advisory Group LLC’s holdings, making the stock its 29th biggest position. Powers Advisory Group LLC’s holdings in PepsiCo were worth $1,183,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at about $31,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $33,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 1.1%

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

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, April 24th. The company reported $1.48 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 analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. During the same period in the previous year, the company posted $1.61 EPS. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.35%. The ex-dividend date is Friday, June 6th. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is presently 83.68%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on PEP shares. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research note on Monday, April 21st. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Citigroup lowered their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research note on Friday, April 25th. Finally, Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo has a consensus 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.