IFC Advisors LLC Has $1.32 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

by · The Markets Daily

IFC Advisors LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 2.9% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,770 shares of the company’s stock after buying an additional 249 shares during the quarter. IFC Advisors LLC’s holdings in PepsiCo were worth $1,315,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after buying an additional 70 shares during the last quarter. Lokken Investment Group LLC raised its position in PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after purchasing an additional 70 shares during the last quarter. Legacy Financial Group LLC raised its position in PepsiCo by 4.9% in the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after purchasing an additional 71 shares during the last quarter. Atlantic Private Wealth LLC increased its stake in PepsiCo by 37.5% in the 4th quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock valued at $42,000 after buying an additional 75 shares during the period. Finally, Pflug Koory LLC increased its stake in PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock valued at $1,162,000 after buying an additional 76 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Bank of America lowered their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a research note on Friday. Barclays lowered their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a research note on Thursday. Finally, Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and a consensus target price of $158.19.

Read Our Latest Analysis on PepsiCo

PepsiCo Stock Down 0.6%

Shares of NASDAQ:PEP opened at $135.26 on Friday. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a 50 day moving average of $131.49 and a two-hundred day moving average of $141.65. The company has a market capitalization of $185.45 billion, a price-to-earnings ratio of 19.89, a price-to-earnings-growth ratio of 4.26 and a beta of 0.45.

PepsiCo (NASDAQ:PEP – Get Free Report) last announced 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 firm had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a yield of 4.21%. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

PepsiCo Company Profile

(Free Report)

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.

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