Strategic Investment Advisors MI Has $286,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Strategic Investment Advisors MI decreased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.7% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,904 shares of the company’s stock after selling 181 shares during the quarter. Strategic Investment Advisors MI’s holdings in PepsiCo were worth $286,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo in the 4th quarter valued at $31,000. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $33,000. Finally, GKV Capital Management Co. Inc. bought a new stake in shares of PepsiCo in the 4th quarter valued at $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $128.02 on Thursday. The stock has a 50-day moving average price of $132.36 and a two-hundred day moving average price of $143.44. PepsiCo, Inc. has a 1 year low of $127.63 and a 1 year high of $180.91. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The stock has a market cap of $175.53 billion, a PE ratio of 18.83, a price-to-earnings-growth ratio of 3.76 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 earnings per share. The company’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio is currently 83.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on PEP shares. UBS Group lowered their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Dbs Bank cut shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Finally, Bank of America lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $159.75.

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.