Axiom Advisory LLC Buys 345 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Axiom Advisory LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 18,944 shares of the company’s stock after purchasing an additional 345 shares during the period. Axiom Advisory LLC’s holdings in PepsiCo were worth $3,250,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Flossbach Von Storch AG increased its position in shares of PepsiCo by 67.2% during the first quarter. Flossbach Von Storch AG now owns 4,560,007 shares of the company’s stock worth $798,047,000 after acquiring an additional 1,832,385 shares in the last quarter. PineStone Asset Management Inc. increased its position in shares of PepsiCo by 125.2% during the second quarter. PineStone Asset Management Inc. now owns 2,740,573 shares of the company’s stock worth $452,003,000 after acquiring an additional 1,523,631 shares in the last quarter. Van ECK Associates Corp increased its position in shares of PepsiCo by 429.3% during the first quarter. Van ECK Associates Corp now owns 1,454,793 shares of the company’s stock worth $254,603,000 after acquiring an additional 1,179,922 shares in the last quarter. Confluence Investment Management LLC bought a new stake in shares of PepsiCo during the first quarter worth about $166,243,000. Finally, Legal & General Group Plc increased its position in shares of PepsiCo by 7.2% during the second quarter. Legal & General Group Plc now owns 13,547,547 shares of the company’s stock worth $2,234,400,000 after acquiring an additional 905,468 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of several recent research reports. Royal Bank of Canada decreased their target price on shares of PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a report on Tuesday, October 1st. Barclays cut their price target on shares of PepsiCo from $187.00 to $186.00 and set an “overweight” rating on the stock in a report on Friday. Bank of America cut their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a report on Monday, September 30th. Finally, Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Wednesday, July 10th. Nine analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $185.29.

PepsiCo Stock Down 0.5 %

PEP opened at $167.21 on Tuesday. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The stock has a market cap of $229.67 billion, a price-to-earnings ratio of 24.27, a PEG ratio of 3.07 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $157.43 and a twelve month high of $183.41. The company’s 50-day moving average price is $173.80 and its two-hundred day moving average price is $172.11.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. The company had revenue of $23.32 billion for the quarter, compared to analysts’ expectations of $23.86 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $2.25 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.13 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. The ex-dividend date was Friday, September 6th. PepsiCo’s payout ratio is currently 78.66%.

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.