Secure Asset Management LLC Acquires 136 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Secure Asset Management LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.7% during the 2nd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,694 shares of the company’s stock after acquiring an additional 136 shares during the period. Secure Asset Management LLC’s holdings in PepsiCo were worth $279,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Valued Wealth Advisors LLC lifted its stake in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares in the last quarter. Fortis Group Advisors LLC grew 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 valued at $33,000 after purchasing an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. bought a new stake in PepsiCo in the first quarter worth $35,000. True Wealth Design LLC raised its position in PepsiCo by 812.0% in the 4th quarter. True Wealth Design LLC now owns 228 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the period. Finally, Pacific Capital Wealth Advisors Inc. purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $41,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. Jefferies Financial Group reduced their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada lowered their target price on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Tuesday. Bank of America lowered their price objective on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research report on Monday, July 8th. Finally, JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. Eight research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $185.53.

PepsiCo Stock Up 0.1 %

Shares of PEP traded up $0.13 during mid-day trading on Friday, hitting $175.87. 5,283,617 shares of the company traded hands, compared to its average volume of 5,466,141. The company has a market capitalization of $241.57 billion, a PE ratio of 25.53, a price-to-earnings-growth 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. The business has a 50 day moving average of $169.18 and a 200 day moving average of $170.69. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $183.41.

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 analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during 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 quarterly revenue was up .8% on a year-over-year basis. During the same quarter last year, the company posted $2.09 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.08%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

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.