Wealthcare Advisory Partners LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ: PEP – Get Rating) by 5.7% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 11,849 shares of the company stock after buying an additional 640 shares during the quarter. Wealthcare Advisory Partners LLC’s holdings in PepsiCo were worth $ 1,983,000 as of its most recent SEC filing.
Other institutional investors have also made changes to their positions in the company. West Oak Capital LLC boosted its stake in shares of PepsiCo by 0.4% in the fourth quarter. West Oak Capital LLC now owns 14,389 shares of the company stock valued at $ 2,500,000 after buying an additional 60 shares during the period. Lenox Wealth Advisors LLC raised its holdings in PepsiCo by 4.1% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company stock valued at $ 266,000 after acquiring an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its position in shares of PepsiCo by 1.4% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company stock valued at $ 757,000 after acquiring an additional 60 shares during the period. Sugarloaf Wealth Management LLC grew its holdings in shares of PepsiCo by 3.5% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company stock worth $ 305,000 after purchasing an additional 60 shares in the last quarter. Finally, Donald L. Hagan LLC increased its position in shares of PepsiCo by 1.2% in the fourth quarter. Donald L. Hagan LLC now owns 5,118 shares of the company stock worth $ 889,000 after purchasing an additional 60 shares during the period. 72.12% of the stock is owned by institutional investors.
In other PepsiCo news, EVP David Flavell sold 5,150 shares of the business’s stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $ 175.11, for a total transaction of $ 901,816.50. Following the completion of the sale, the executive vice president now directly owns 28,275 shares of the company stock, valued at approximately $ 4,951,235.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of the firm’s stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $ 175.61, for a total value of $ 800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares in the company, valued at approximately $ 1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.
PepsiCo stock opened at $ 166.13 on Monday. The stock’s 50 day moving average price is $ 166.74 and its two-hundred day moving average price is $ 167.98. The stock has a market capitalization of $ 229.71 billion, a price-to-earnings ratio of 22.73, a PEG ratio of 3.30 and a beta of 0.59. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. PepsiCo, Inc. has a 52-week low of $ 145.24 and a 52-week high of $ 177.62.
PepsiCo (NASDAQ: PEP – Get Rating) last announced its quarterly earnings data on Tuesday, April 26th. The company reported $ 1.29 earnings per share for the quarter, beating the consensus estimate of $ 1.24 by $ 0.05. The firm had revenue of $ 16.20 billion for the quarter, compared to analyst estimates of $ 15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $ 1.21 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 6.64 EPS for the current year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be issued a dividend of $ 1.15 per share. This is an increase from PepsiCo’s previous quarterly dividend of $ 1.08. The ex-dividend date of this dividend is Thursday, June 2nd. This represents a $ 4.60 annualized dividend and a dividend yield of 2.77%. PepsiCo’s payout ratio is currently 62.93%.
PEP has been the subject of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $ 173.00 to $ 175.00 in a research report on Wednesday, April 27th. StockNews.com assumed coverage on PepsiCo in a research report on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company dropped their target price on shares of PepsiCo from $ 175.00 to $ 172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Guggenheim lifted their price target on shares of PepsiCo from $ 188.00 to $ 193.00 in a report on Wednesday, April 27th. Finally, Credit Suisse Group upped their price target on shares of PepsiCo from $ 163.00 to $ 168.00 in a report on Wednesday, April 27th. Seven equities research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $ 177.13.
PepsiCo Profile: (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells 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.
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