Traveka Wealth LLC Invests $280,000 in PepsiCo, Inc. (NASDAQ:PEP)

Traveka Wealth LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 1,868 shares of the company's stock, valued at approximately $280,000.

Other large investors also recently made changes to their positions in the company. Cloud Capital Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth about $108,000. Argentarii LLC lifted its position in shares of PepsiCo by 14.7% during the 1st quarter. Argentarii LLC now owns 9,127 shares of the company's stock worth $1,369,000 after purchasing an additional 1,167 shares during the last quarter. McGlone Suttner Wealth Management Inc. lifted its position in shares of PepsiCo by 68.9% during the 1st quarter. McGlone Suttner Wealth Management Inc. now owns 7,195 shares of the company's stock worth $1,079,000 after purchasing an additional 2,936 shares during the last quarter. Compass Wealth Management LLC lifted its position in shares of PepsiCo by 3.1% during the 1st quarter. Compass Wealth Management LLC now owns 33,288 shares of the company's stock worth $4,991,000 after purchasing an additional 1,014 shares during the last quarter. Finally, Viewpoint Capital Management LLC lifted its position in shares of PepsiCo by 2.5% during the 1st quarter. Viewpoint Capital Management LLC now owns 17,012 shares of the company's stock worth $2,551,000 after purchasing an additional 412 shares during the last quarter. Institutional investors own 73.07% of the company's stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded down $0.93 during trading on Monday, hitting $134.45. 7,771,754 shares of the company were exchanged, compared to its average volume of 7,062,791. The business's 50 day moving average is $131.40 and its 200-day moving average is $142.11. The company has a market capitalization of $184.34 billion, a P/E ratio of 19.77, a price-to-earnings-growth ratio of 4.23 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.61 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.23%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Bank of America cut their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group cut their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Finally, Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $159.75.

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.