49 Wealth Management LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

49 Wealth Management LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 108.9% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 4,029 shares of the company's stock after purchasing an additional 2,100 shares during the quarter. 49 Wealth Management LLC's holdings in PepsiCo were worth $604,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the stock. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $28,000. Elite Financial Inc. bought a new stake in shares of PepsiCo in the first quarter valued at about $28,000. Prudent Man Investment Management Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at about $31,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at about $33,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP opened at $134.45 on Tuesday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. The company has a market cap 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 firm's 50-day moving average price is $131.42 and its 200-day moving average price is $141.98.

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

PepsiCo Increases Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently weighed in on the company. Barclays decreased their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Bank of America decreased their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating for the company in a report on Friday, April 25th. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the company's stock. According to MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $159.75.

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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