Accretive Wealth Partners LLC Acquires Shares of 2,179 PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Accretive Wealth Partners LLC has acquired 2,179 shares of PepsiCo, Inc. valued at approximately $327,000, indicating continued institutional investment interest in the company.
• PepsiCo recently reported earnings of $2.12 per share, surpassing analysts' expectations, with revenue of $22.73 billion, about 1.0% higher year-over-year.
• The company announced a quarterly dividend of $1.4225 per share, representing a dividend yield of 3.97%, with a payout ratio of 103.64%.

Accretive Wealth Partners LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund acquired 2,179 shares of the company's stock, valued at approximately $327,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $28,000. Elite Financial Inc. acquired a new position in shares of PepsiCo during the 1st quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth $31,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo during the 4th quarter worth $33,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.7%

NASDAQ PEP opened at $143.45 on Friday. The business's 50-day moving average price is $133.58 and its two-hundred day moving average price is $141.03. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $180.91. The firm has a market capitalization of $196.39 billion, a PE ratio of 26.13, a price-to-earnings-growth ratio of 3.85 and a beta of 0.45. The company has a current ratio of 0.78, a quick ratio of 0.60 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Thursday, July 17th. The company reported $2.12 EPS for the quarter, beating analysts' consensus estimates of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The business's revenue was up 1.0% on a year-over-year basis. On average, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.97%. PepsiCo's payout ratio is 103.64%.

Analyst Ratings Changes

A number of equities analysts have recently commented on PEP shares. Cowen reissued a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research report on Thursday, July 10th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of "Hold" and an average target price of $158.73.

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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