Arkadios Wealth Advisors Purchases 8,893 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Arkadios Wealth Advisors has increased its holdings in PepsiCo, Inc. by 66.4%, owning a total of 22,280 shares valued at approximately $3.34 million after purchasing an additional 8,893 shares.
• PepsiCo's latest earnings report indicated a profit of $2.12 per share, surpassing analyst expectations and revealing a 1.0% year-over-year revenue increase to $22.73 billion.
• The company declared a quarterly dividend of $1.4225, translating to an annualized yield of 3.98%, with a dividend payout ratio currently at 103.64% and the payment scheduled for September 30th.

Arkadios Wealth Advisors increased its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 66.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 22,280 shares of the company's stock after buying an additional 8,893 shares during the period. Arkadios Wealth Advisors' holdings in PepsiCo were worth $3,341,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp lifted its holdings in shares of PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp lifted its stake in PepsiCo by 0.4% during the 1st quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. Capital Research Global Investors boosted its holdings in PepsiCo by 7.4% during the 4th quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock worth $1,832,116,000 after acquiring an additional 831,148 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its stake in shares of PepsiCo by 3.8% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company's stock worth $1,720,942,000 after acquiring an additional 416,537 shares in the last quarter. Finally, Massachusetts Financial Services Co. MA lifted its position in shares of PepsiCo by 9.3% during the first quarter. Massachusetts Financial Services Co. MA now owns 10,878,718 shares of the company's stock valued at $1,631,155,000 after purchasing an additional 923,766 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of PEP stock traded up $1.36 on Friday, reaching $139.28. The company's stock had a trading volume of 7,606,047 shares, compared to its average volume of 9,347,638. The company has a market capitalization of $190.69 billion, a P/E ratio of 25.37, a PEG ratio of 3.67 and a beta of 0.45. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91. The stock's 50 day simple moving average is $134.63 and its 200-day simple moving average is $140.89. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, September 5th. This represents a $5.69 annualized dividend and a dividend yield of 4.1%. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEP. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Barclays boosted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research report on Monday, July 21st. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research note on Friday, July 11th. Morgan Stanley increased their price target on shares of PepsiCo from $153.00 to $165.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a research note on Thursday, July 17th. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of "Hold" and a consensus target price of $158.73.

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.