Alteri Wealth LLC Invests $832,000 in PepsiCo, Inc. (NASDAQ:PEP)

Alteri Wealth LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 5,472 shares of the company's stock, valued at approximately $832,000.

Several other institutional investors also recently bought and sold shares of PEP. Collier Financial purchased a new position in shares of PepsiCo in the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo in the 4th quarter valued at $30,000. Finally, Summit Securities Group LLC purchased a new stake in PepsiCo in the 4th quarter worth $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.1 %

PepsiCo stock traded up $0.20 during mid-day trading on Friday, hitting $133.75. The company's stock had a trading volume of 7,166,959 shares, compared to its average volume of 6,224,713. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market capitalization of $183.38 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The stock's fifty day moving average is $145.94 and its two-hundred day moving average is $152.23.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period in the previous year, the business posted $1.61 earnings per share. The firm's revenue for the quarter was down 1.8% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were issued a $1.355 dividend. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 4.05%. PepsiCo's dividend payout ratio is currently 79.71%.

Analyst Ratings Changes

PEP has been the topic of several research analyst reports. Bank of America dropped their target price on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research report on Friday, April 25th. HSBC cut their price objective on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. JPMorgan Chase & Co. raised their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a research report on Monday, April 21st. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. Finally, Piper Sandler started coverage on PepsiCo in a report on Tuesday, January 7th. They issued an "overweight" rating and a $171.00 price objective on the stock. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and four have given a buy rating to the company's stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average price target of $160.69.

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.