Brighton Jones LLC Purchases 1,655 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Brighton Jones LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,806 shares of the company’s stock after purchasing an additional 1,655 shares during the period. Brighton Jones LLC’s holdings in PepsiCo were worth $4,586,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. MQS Management LLC bought a new stake in PepsiCo in the 2nd quarter valued at $690,000. XTX Topco Ltd bought a new stake in PepsiCo in the 2nd quarter valued at $1,707,000. WCG Wealth Advisors LLC increased its holdings in PepsiCo by 23.9% in the 2nd quarter. WCG Wealth Advisors LLC now owns 18,777 shares of the company’s stock valued at $3,097,000 after acquiring an additional 3,616 shares during the last quarter. Mathes Company Inc. increased its holdings in PepsiCo by 1.5% in the 2nd quarter. Mathes Company Inc. now owns 23,331 shares of the company’s stock valued at $3,848,000 after acquiring an additional 355 shares during the last quarter. Finally, Intrepid Financial Planning Group LLC increased its holdings in PepsiCo by 27.6% in the 2nd quarter. Intrepid Financial Planning Group LLC now owns 2,565 shares of the company’s stock valued at $423,000 after acquiring an additional 555 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently weighed in on PEP shares. Jefferies Financial Group reduced 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. Morgan Stanley reduced 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. Royal Bank of Canada reduced 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. 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 report on Friday, July 12th. Finally, BNP Paribas started 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. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo Price Performance

Shares of PEP stock opened at $174.66 on Friday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The company has a market capitalization of $240.12 billion, a P/E ratio of 25.35, a P/E/G ratio of 3.06 and a beta of 0.53. The company’s 50-day simple moving average is $173.42 and its two-hundred day simple moving average is $171.70. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company’s revenue for the quarter was up .8% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.09 EPS. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The firm 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. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.10%. PepsiCo’s payout ratio is presently 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.