PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Beacon Harbor Wealth Advisors Inc.

Key Points

• Beacon Harbor Wealth Advisors Inc. raised its stake in PepsiCo by 86.8% in the first quarter, holding 47,632 shares valued at approximately $7,142,000.
• PepsiCo's recent earnings report showed an EPS of $2.12, beating expectations by $0.09, and quarterly revenue of $22.73 billion, surpassing estimates.
• The company declared a quarterly dividend of $1.4225, which indicates a 4.0% yield but has a payout ratio of 103.64%.

Beacon Harbor Wealth Advisors Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 86.8% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 47,632 shares of the company's stock after purchasing an additional 22,132 shares during the period. PepsiCo accounts for about 1.7% of Beacon Harbor Wealth Advisors Inc.'s investment portfolio, making the stock its 23rd largest holding. Beacon Harbor Wealth Advisors Inc.'s holdings in PepsiCo were worth $7,142,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. GAMMA Investing LLC lifted its position in shares of PepsiCo by 19,106.5% during the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock valued at $688,017,000 after acquiring an additional 4,564,723 shares during the last quarter. Assenagon Asset Management S.A. lifted its stake in PepsiCo by 106.1% during the first quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock valued at $527,034,000 after buying an additional 1,809,391 shares in the last quarter. Vanguard Group Inc. boosted its holdings in shares of PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after buying an additional 1,802,748 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $221,297,000. Finally, Northern Trust Corp lifted its position in shares of PepsiCo by 8.7% in the 4th quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock valued at $2,494,300,000 after acquiring an additional 1,306,818 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Up 0.9%

Shares of NASDAQ:PEP traded up $1.29 during trading hours on Friday, hitting $145.21. The company's stock had a trading volume of 5,313,480 shares, compared to its average volume of 9,539,993. The company has a debt-to-equity ratio of 2.12, a current ratio of 0.78 and a quick ratio of 0.60. The firm's fifty day moving average price is $135.71 and its 200 day moving average price is $140.70. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company has a market capitalization of $198.80 billion, a price-to-earnings ratio of 26.45, a P/E/G ratio of 3.83 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The business had revenue of $22.73 billion for the quarter, compared to the consensus estimate of $22.28 billion. During the same period last year, the business posted $2.28 EPS. The business's revenue was up 1.0% compared to the same quarter last year. As a group, research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 30th. Shareholders of record on Friday, September 5th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 3.9%. The ex-dividend date is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

PEP has been the topic of several research reports. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Morgan Stanley raised their price objective 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. UBS Group dropped their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research note on Friday, April 25th. Citigroup lifted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a research note on Friday, July 18th. Finally, Wells Fargo & Company raised their target price on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a report on Friday, July 18th. One equities 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. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and a consensus price target 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.