Aviance Capital Partners LLC Has $2.72 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Aviance Capital Partners LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 78.2% in the 1st quarter, according to its most recent filing with the SEC. The fund owned 15,556 shares of the company’s stock after purchasing an additional 6,825 shares during the period. Aviance Capital Partners LLC’s holdings in PepsiCo were worth $2,722,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of PEP. SRS Capital Advisors Inc. lifted its holdings in PepsiCo by 22.7% during the 3rd quarter. SRS Capital Advisors Inc. now owns 4,044 shares of the company’s stock worth $685,000 after purchasing an additional 748 shares during the last quarter. Becker Capital Management Inc. lifted its holdings in shares of PepsiCo by 0.6% during the third quarter. Becker Capital Management Inc. now owns 11,337 shares of the company’s stock worth $1,921,000 after buying an additional 73 shares in the last quarter. Axxcess Wealth Management LLC grew its stake in shares of PepsiCo by 78.9% in the third quarter. Axxcess Wealth Management LLC now owns 56,081 shares of the company’s stock valued at $9,502,000 after acquiring an additional 24,726 shares in the last quarter. Ameriprise Financial Inc. increased its position in PepsiCo by 2.1% during the third quarter. Ameriprise Financial Inc. now owns 5,876,920 shares of the company’s stock worth $995,728,000 after acquiring an additional 121,742 shares during the period. Finally, Adage Capital Partners GP L.L.C. raised its stake in PepsiCo by 8.7% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,258,829 shares of the company’s stock worth $213,296,000 after purchasing an additional 100,650 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

PEP has been the topic of several recent research reports. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday, June 26th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays decreased their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Morgan Stanley raised shares of 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. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $186.38.

PepsiCo Stock Down 1.2 %

Shares of NASDAQ PEP opened at $162.89 on Tuesday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a 50 day simple moving average of $173.37 and a 200 day simple moving average of $170.30. The firm has a market cap of $223.94 billion, a PE ratio of 24.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm 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%. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. On average, research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.33%. PepsiCo’s dividend payout ratio is 81.50%.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the 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 directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 0.14% 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.