Signet Investment Advisory Group Inc. Purchases 1,331 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Signet Investment Advisory Group Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.6% in the second quarter, Holdings Channel reports. The firm owned 16,766 shares of the company’s stock after acquiring an additional 1,331 shares during the quarter. PepsiCo accounts for 1.5% of Signet Investment Advisory Group Inc.’s holdings, making the stock its 29th biggest holding. Signet Investment Advisory Group Inc.’s holdings in PepsiCo were worth $2,765,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in PEP. Valued Wealth Advisors LLC grew its stake in shares of PepsiCo by 77.5% in 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 during the period. Fortis Group Advisors LLC boosted its holdings in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in shares of PepsiCo in the first quarter worth approximately $35,000. Naples Money Management LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $39,000. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of several analyst reports. Barclays lifted their price target on shares of PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a report on Friday, July 19th. 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 report on Wednesday, July 3rd. BNP Paribas began coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a report on Friday, July 12th. Finally, Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Seven equities research analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Trading Up 0.1 %

PEP stock traded up $0.10 during mid-day trading on Friday, reaching $172.62. 4,614,804 shares of the stock traded hands, compared to its average volume of 5,307,452. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The stock has a market capitalization of $237.11 billion, a PE ratio of 25.05, a PEG ratio of 3.00 and a beta of 0.52. The business has a 50-day moving average price of $168.09 and a two-hundred day moving average price of $170.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion for 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 business’s revenue was up .8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.09 earnings per share. Equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend 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.