AmeriServ Wealth Advisors Buys Shares of 3,243 PepsiCo, Inc. (NASDAQ:PEP)

AmeriServ Wealth Advisors acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 3,243 shares of the company's stock, valued at approximately $493,000.

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

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PEP. Evercore ISI set a $140.00 target price on shares of PepsiCo in a research note on Thursday, April 24th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. Bank of America decreased their target price on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price objective for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of "Hold" and an average target price of $160.69.

PepsiCo Stock Up 0.1 %

Shares of PEP stock opened at $133.75 on Friday. PepsiCo, Inc. has a 1 year low of $131.52 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business's fifty day moving average is $145.94 and its 200-day moving average is $152.53. The stock has a market cap of $183.41 billion, a PE ratio of 19.24, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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

PepsiCo Dividend Announcement

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

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.

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