1,939 Shares in PepsiCo, Inc. $PEP Acquired by AMJ Financial Wealth Management

AMJ Financial Wealth Management acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the second quarter, according to its most recent filing with the SEC. The fund acquired 1,939 shares of the company’s stock, valued at approximately $256,000.

Several other institutional investors have also recently made changes to their positions in PEP. Nova Wealth Management Inc. bought a new stake in shares of PepsiCo during the first quarter valued at about $25,000. Legend Financial Advisors Inc. purchased a new position in PepsiCo during the second quarter valued at approximately $29,000. Vermillion & White Wealth Management Group LLC increased its holdings in PepsiCo by 107.1% during the 2nd quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock worth $31,000 after acquiring an additional 121 shares during the period. Frazier Financial Advisors LLC lifted its stake in PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock worth $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. boosted its holdings in PepsiCo by 263.6% in the 2nd quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock valued at $42,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $149.51 on Tuesday. The firm has a market capitalization of $204.43 billion, a PE ratio of 28.42, a price-to-earnings-growth ratio of 3.56 and a beta of 0.45. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $163.65. The business’s 50-day moving average price is $146.18 and its 200-day moving average price is $141.31.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a return on equity of 57.58% and a net margin of 7.82%.The company had revenue of $23.94 billion during the quarter, compared to the consensus estimate of $23.91 billion. During the same quarter in the previous year, the company posted $2.31 EPS. PepsiCo’s quarterly revenue was up 2.7% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.8%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Barclays upped their price target on shares of PepsiCo from $140.00 to $142.00 and gave the stock an “equal weight” rating in a report on Friday, October 10th. DZ Bank upgraded PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research report on Tuesday, October 21st. Bank of America raised their price target on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Wells Fargo & Company lifted their price target on PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Finally, HSBC upped their price objective on shares of PepsiCo from $145.00 to $152.00 and gave the stock a “hold” rating in a research report on Friday, October 10th. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $156.90.

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.