LS Investment Advisors LLC Buys 293 Shares of PepsiCo, Inc. (NASDAQ:PEP)

LS Investment Advisors LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.5% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 57,700 shares of the company’s stock after acquiring an additional 293 shares during the quarter. PepsiCo accounts for 1.5% of LS Investment Advisors LLC’s portfolio, making the stock its 25th biggest holding. LS Investment Advisors LLC’s holdings in PepsiCo were worth $9,516,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Valued Wealth Advisors LLC increased its position in PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC increased its position in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after acquiring an additional 106 shares during the last quarter. Summit Securities Group LLC purchased a new stake in PepsiCo during the second quarter valued at $30,000. Fortis Group Advisors LLC increased its position in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo during the first quarter valued at $35,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the subject of a number of analyst reports. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. TD Cowen reduced their price target on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. JPMorgan Chase & Co. reduced their price target on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Morgan Stanley reduced their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Finally, Jefferies Financial Group cut their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $185.53.

PepsiCo Price Performance

PepsiCo stock traded down $0.67 during midday trading on Tuesday, reaching $175.30. 3,519,746 shares of the stock traded hands, compared to its average volume of 5,447,823. The stock’s fifty day moving average is $169.55 and its 200-day moving average is $170.75. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The stock has a market cap of $241.00 billion, a P/E ratio of 25.44, a PEG ratio of 2.98 and a beta of 0.52. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company’s revenue for the quarter was up .8% on a year-over-year basis. During the same period last year, the company earned $2.09 EPS. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.09%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

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.