CW Advisors LLC Purchases 4,527 Shares of PepsiCo, Inc. $PEP

CW Advisors LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 42,458 shares of the company’s stock after purchasing an additional 4,527 shares during the quarter. CW Advisors LLC’s holdings in PepsiCo were worth $5,606,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Nova Wealth Management Inc. bought a new position in shares of PepsiCo during the 1st quarter worth about $25,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the second quarter worth about $29,000. Vermillion & White Wealth Management Group LLC boosted its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares in the last quarter. Frazier Financial Advisors LLC grew its stake in shares of PepsiCo by 85.3% in the 2nd quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares during the period. Finally, RMG Wealth Management LLC acquired a new position in shares of PepsiCo in the 2nd quarter worth approximately $45,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. UBS Group lowered their price target on PepsiCo from $175.00 to $170.00 and set a “buy” rating on the stock in a research report on Thursday, September 11th. Wells Fargo & Company increased their target price on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. BNP Paribas Exane reduced their price target on shares of PepsiCo from $152.00 to $150.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Rothschild & Co Redburn raised their price objective on shares of PepsiCo from $115.00 to $117.00 and gave the stock a “sell” rating in a report on Monday, October 13th. Finally, DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 target price for the company in a research note on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have given a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $156.90.

PepsiCo Price Performance

Shares of PEP stock opened at $145.02 on Friday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $161.50. The company has a current ratio of 0.91, a quick ratio of 0.72 and a debt-to-equity ratio of 2.26. The firm’s 50 day moving average is $146.66 and its 200-day moving average is $141.60. The firm has a market capitalization of $198.29 billion, a price-to-earnings ratio of 27.57, a PEG ratio of 5.03 and a beta of 0.42.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

PepsiCo Company 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.