Lynx Investment Advisory Buys New Position in PepsiCo, Inc. (NASDAQ:PEP)

Lynx Investment Advisory bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, Holdings Channel.com reports. The fund bought 542 shares of the company’s stock, valued at approximately $89,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Valued Wealth Advisors LLC raised its stake in shares of PepsiCo by 77.5% during the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Fortis Group Advisors LLC raised its stake in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo during the first quarter worth approximately $35,000. Naples Money Management LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter worth approximately $39,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Transactions at PepsiCo

In other PepsiCo 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 value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which is available through this link. 0.15% of the stock is owned by insiders.

PepsiCo Stock Down 0.9 %

Shares of PEP stock traded down $1.55 during mid-day trading on Tuesday, reaching $172.49. 7,252,318 shares of the company’s stock traded hands, compared to its average volume of 5,557,938. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $187.48. The company has a market cap of $236.93 billion, a P/E ratio of 25.03, a P/E/G ratio of 3.02 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. The company’s 50-day moving average price is $168.07 and its 200-day moving average price is $170.21.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.16 by $0.12. The firm 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%. PepsiCo’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is presently 78.66%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on PEP shares. Morgan Stanley cut their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Wells Fargo & Company cut their target price 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. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Royal Bank of Canada cut their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a report on Friday, July 12th. Finally, Jefferies Financial Group cut their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Eight research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $185.53.

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.