Armstrong Henry H Associates Inc. Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Armstrong Henry H Associates Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 17,319 shares of the company’s stock after buying an additional 177 shares during the period. PepsiCo makes up about 0.3% of Armstrong Henry H Associates Inc.’s holdings, making the stock its 20th biggest position. Armstrong Henry H Associates Inc.’s holdings in PepsiCo were worth $3,031,000 at the end of the most recent reporting period.

Other institutional investors also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC boosted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter worth $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $39,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on PEP shares. Barclays cut their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Jefferies Financial Group lifted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Six analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $187.17.

Insider Transactions at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 0.15% of the company’s stock.

PepsiCo Trading Up 0.4 %

PEP traded up $0.60 during midday trading on Friday, hitting $167.28. The company’s stock had a trading volume of 10,899,240 shares, compared to its average volume of 4,901,276. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $229.97 billion, a P/E ratio of 25.15, a PEG ratio of 2.72 and a beta of 0.52. The firm has a 50-day moving average price of $173.71 and a two-hundred day moving average price of $170.34. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.24%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is presently 81.50%.

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.