Ranch Capital Advisors Inc. Has $1.45 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Ranch Capital Advisors Inc. boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the second quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,768 shares of the company’s stock after buying an additional 200 shares during the quarter. Ranch Capital Advisors Inc.’s holdings in PepsiCo were worth $1,446,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. AE Wealth Management LLC raised its holdings in PepsiCo by 23.8% during the second quarter. AE Wealth Management LLC now owns 268,863 shares of the company’s stock valued at $44,344,000 after buying an additional 51,649 shares in the last quarter. Waters Parkerson & CO. LLC increased its holdings in shares of PepsiCo by 0.4% during the 2nd quarter. Waters Parkerson & CO. LLC now owns 204,882 shares of the company’s stock valued at $33,791,000 after acquiring an additional 719 shares during the last quarter. Bridges Investment Management Inc. lifted its holdings in PepsiCo by 130.8% in the 2nd quarter. Bridges Investment Management Inc. now owns 218,602 shares of the company’s stock worth $36,054,000 after purchasing an additional 123,907 shares during the last quarter. Callan Capital LLC boosted its position in PepsiCo by 4.9% during the second quarter. Callan Capital LLC now owns 5,507 shares of the company’s stock worth $908,000 after purchasing an additional 255 shares during the period. Finally, Canada Pension Plan Investment Board grew its holdings in PepsiCo by 0.5% during the second quarter. Canada Pension Plan Investment Board now owns 3,333,908 shares of the company’s stock valued at $549,861,000 after purchasing an additional 17,800 shares during 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 a number of research analyst reports. TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Barclays lifted their price objective on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. BNP Paribas assumed coverage on PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a research report on Wednesday, August 28th. Finally, Jefferies Financial Group cut their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Price Performance

Shares of PEP stock opened at $174.66 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock’s fifty day simple moving average is $173.42 and its 200 day simple moving average is $171.70. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The firm has a market cap of $240.12 billion, a price-to-earnings ratio of 25.35, a P/E/G ratio of 3.06 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue for the quarter was up .8% on a year-over-year basis. During the same quarter last year, the company posted $2.09 EPS. On average, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

About PepsiCo

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.