Peloton Wealth Strategists Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Peloton Wealth Strategists increased its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 5.5% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 24,462 shares of the company’s stock after acquiring an additional 1,265 shares during the quarter. PepsiCo makes up about 1.8% of Peloton Wealth Strategists’ portfolio, making the stock its 21st biggest holding. Peloton Wealth Strategists’ holdings in PepsiCo were worth $4,155,000 as of its most recent filing with the SEC.

A number of other large investors have also modified their holdings of the business. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter valued at about $34,000. Naples Money Management LLC acquired a new position in PepsiCo in the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC acquired a new position in PepsiCo in the fourth quarter valued at about $39,000. Finally, True Wealth Design LLC lifted its position in PepsiCo by 812.0% in the fourth quarter. True Wealth Design LLC now owns 228 shares of the company’s stock valued at $39,000 after buying an additional 203 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

PEP traded up $0.72 during midday trading on Friday, hitting $164.05. The company’s stock had a trading volume of 1,980,321 shares, compared to its average volume of 5,489,592. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $225.53 billion, a P/E ratio of 24.56, a PEG ratio of 2.67 and a beta of 0.52. The firm has a 50-day moving average price of $174.07 and a two-hundred day moving average price of $170.42. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.50 EPS. On average, research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.30%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insider Activity at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on the stock. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday. JPMorgan Chase & Co. upped their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $187.17.

Read Our Latest Research Report on PepsiCo

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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