Wealthspire Advisors LLC Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wealthspire Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 30,671 shares of the company’s stock after purchasing an additional 264 shares during the period. Wealthspire Advisors LLC’s holdings in PepsiCo were worth $5,209,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Pioneer Trust Bank N A OR lifted its holdings in shares of PepsiCo by 6.2% in the 4th quarter. Pioneer Trust Bank N A OR now owns 60,489 shares of the company’s stock valued at $10,273,000 after purchasing an additional 3,545 shares during the last quarter. Clearwater Capital Advisors LLC increased its position in PepsiCo by 2.3% during the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after purchasing an additional 61 shares during the period. National Pension Service increased its position in PepsiCo by 2.0% during the 4th quarter. National Pension Service now owns 2,110,314 shares of the company’s stock worth $358,416,000 after purchasing an additional 41,018 shares during the period. Verus Financial Partners Inc. increased its position in PepsiCo by 41.8% during the 4th quarter. Verus Financial Partners Inc. now owns 2,641 shares of the company’s stock worth $443,000 after purchasing an additional 779 shares during the period. Finally, Moser Wealth Advisors LLC grew its holdings in shares of PepsiCo by 2.7% in the 4th quarter. Moser Wealth Advisors LLC now owns 8,648 shares of the company’s stock worth $1,469,000 after acquiring an additional 225 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.3 %

Shares of PEP stock traded down $0.61 during trading hours on Wednesday, hitting $177.41. 3,266,694 shares of the company were exchanged, compared to its average volume of 5,666,490. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The business’s 50-day simple moving average is $170.49 and its two-hundred day simple moving average is $168.70. The stock has a market capitalization of $243.90 billion, a price-to-earnings ratio of 26.68, a P/E/G ratio of 2.87 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the company posted $1.50 earnings per share. PepsiCo’s revenue was up 2.3% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business 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. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.06%. The ex-dividend date is Friday, June 7th. PepsiCo’s payout ratio is presently 76.09%.

Analyst Ratings Changes

A number of equities research analysts recently weighed in on PEP shares. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo 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.