Johnson & White Wealth Management LLC Acquires 333 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Johnson & White Wealth Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 7.4% in the first quarter, according to the company in its most recent disclosure with the SEC. The firm owned 4,804 shares of the company’s stock after acquiring an additional 333 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in PepsiCo were worth $841,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in PEP. CI Investments Inc. boosted its stake in shares of PepsiCo by 2.1% during the 3rd quarter. CI Investments Inc. now owns 35,366 shares of the company’s stock worth $5,992,000 after acquiring an additional 742 shares during the period. CenterBook Partners LP grew its holdings in shares of PepsiCo by 115.3% during the 3rd quarter. CenterBook Partners LP now owns 8,337 shares of the company’s stock valued at $1,413,000 after purchasing an additional 4,464 shares during the last quarter. Dark Forest Capital Management LP lifted its stake in shares of PepsiCo by 52.8% in the 3rd quarter. Dark Forest Capital Management LP now owns 13,925 shares of the company’s stock valued at $2,359,000 after acquiring an additional 4,809 shares during the last quarter. LPL Financial LLC raised its position in PepsiCo by 6.5% in the third quarter. LPL Financial LLC now owns 1,429,309 shares of the company’s stock valued at $242,182,000 after purchasing an additional 87,220 shares during the last quarter. Finally, Guardian Capital LP raised its holdings in PepsiCo by 6.1% in the 3rd quarter. Guardian Capital LP now owns 19,686 shares of the company’s stock valued at $3,336,000 after buying an additional 1,129 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 0.15% of the stock is owned by corporate insiders.

PepsiCo Stock Performance

Shares of PEP opened at $167.28 on Friday. 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 stock has a 50-day moving average price of $173.71 and a 200-day moving average price of $170.32. The company has a market cap of $229.97 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38.

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

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on the stock. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Morgan Stanley raised 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 report on Monday, March 18th. Jefferies Financial Group lifted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $187.17.

Read Our Latest Analysis on PEP

PepsiCo Profile

(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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