MCF Advisors LLC Has $1.62 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

MCF Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.7% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 9,227 shares of the company’s stock after purchasing an additional 332 shares during the period. MCF Advisors LLC’s holdings in PepsiCo were worth $1,623,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Morningstar Investment Services LLC boosted its position in shares of PepsiCo by 23.7% in the 3rd quarter. Morningstar Investment Services LLC now owns 3,781 shares of the company’s stock worth $641,000 after purchasing an additional 725 shares during the last quarter. Sherbrooke Park Advisers LLC bought a new position in PepsiCo during the third quarter worth about $656,000. Gotham Asset Management LLC lifted its holdings in PepsiCo by 85.0% during the third quarter. Gotham Asset Management LLC now owns 32,982 shares of the company’s stock worth $5,588,000 after acquiring an additional 15,156 shares in the last quarter. Northeast Financial Consultants Inc lifted its holdings in PepsiCo by 0.3% during the third quarter. Northeast Financial Consultants Inc now owns 22,887 shares of the company’s stock worth $3,878,000 after acquiring an additional 68 shares in the last quarter. Finally, First Dallas Securities Inc. lifted its holdings in PepsiCo by 109.5% during the third quarter. First Dallas Securities Inc. now owns 7,555 shares of the company’s stock worth $1,280,000 after acquiring an additional 3,948 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of several recent analyst reports. Barclays reduced their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. JPMorgan Chase & Co. lifted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, BNP Paribas started coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $186.38.

PepsiCo Price Performance

NASDAQ:PEP opened at $164.93 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The stock’s 50-day simple moving average is $173.37 and its 200 day simple moving average is $170.31. The company has a market cap of $226.74 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.71 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.29%. The ex-dividend date of this dividend was Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 81.50%.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through this link. Company insiders own 0.15% of the company’s stock.

PepsiCo Company 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.