9258 Wealth Management LLC Has $1.41 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

9258 Wealth Management LLC raised its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 56.0% during the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 8,281 shares of the company’s stock after buying an additional 2,974 shares during the period. 9258 Wealth Management LLC’s holdings in PepsiCo were worth $1,407,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo in the fourth quarter valued at about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $39,000. Finally, Avion Wealth lifted its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was 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 in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Finally, Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Moderate Buy” and an average price target of $187.58.

Get Our Latest Analysis on PEP

PepsiCo Stock Up 1.4 %

Shares of PEP opened at $172.90 on Friday. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The stock has a market capitalization of $237.70 billion, a price-to-earnings ratio of 26.00, a PEG ratio of 2.78 and a beta of 0.52. 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 stock has a fifty day moving average of $174.70 and a 200-day moving average of $170.37.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (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 analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the company earned $1.50 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.17 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 issued a dividend of $1.355 per share. 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 3.13%. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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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