PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Fi3 FINANCIAL ADVISORS LLC

Fi3 FINANCIAL ADVISORS LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.4% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 2,524 shares of the company’s stock after purchasing an additional 107 shares during the period. Fi3 FINANCIAL ADVISORS LLC’s holdings in PepsiCo were worth $429,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Amplius Wealth Advisors LLC lifted its holdings in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares during the last quarter. Darwin Wealth Management LLC lifted its holdings in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC lifted its holdings in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the last quarter. SYM FINANCIAL Corp lifted its holdings in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after buying an additional 61 shares during the last quarter. Finally, Capital Investment Counsel Inc lifted its holdings in PepsiCo by 1.6% during the 4th quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock worth $699,000 after buying an additional 64 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Up 0.4 %

Shares of PEP stock traded up $0.70 during trading on Friday, hitting $176.15. 3,492,120 shares of the company were exchanged, compared to its average volume of 5,328,097. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $242.17 billion, a price-to-earnings ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.52. The business’s 50-day simple moving average is $170.14 and its 200 day simple moving average is $168.36. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during 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 firm’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the company posted $1.50 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s payout ratio is 81.50%.

Wall Street Analysts Forecast Growth

A number of analysts have recently weighed in on PEP shares. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. increased their price target on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.