PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Dynasty Wealth Management LLC

Dynasty Wealth Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 504.1% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,931 shares of the company's stock after acquiring an additional 8,287 shares during the quarter. Dynasty Wealth Management LLC's holdings in PepsiCo were worth $1,489,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Vanguard Group Inc. boosted its stake in PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after buying an additional 1,376,133 shares during the period. Geode Capital Management LLC lifted its position in shares of PepsiCo by 1.9% during the fourth quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company's stock worth $4,717,069,000 after purchasing an additional 582,254 shares in the last quarter. Norges Bank acquired a new stake in shares of PepsiCo during the fourth quarter worth about $2,729,565,000. Northern Trust Corp lifted its position in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Finally, Bank of New York Mellon Corp lifted its position in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock worth $2,108,585,000 after purchasing an additional 49,699 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Stock Down 1.5%

PepsiCo stock traded down $2.20 during mid-day trading on Friday, hitting $143.24. The company had a trading volume of 13,738,009 shares, compared to its average volume of 7,227,960. The stock has a market cap of $196.39 billion, a price-to-earnings ratio of 21.06, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year 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 business has a fifty day moving average of $131.97 and a 200 day moving average of $141.24.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $2.03 by $0.09. The business had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. During the same period last year, the firm posted $2.28 earnings per share. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 3.97%. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 83.68%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEP. Wells Fargo & Company increased their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a report on Thursday, July 10th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Citigroup raised their target price on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday. Finally, Barclays reduced their target price on shares of PepsiCo from $135.00 to $132.00 and set an "equal weight" rating on the stock in a report on Tuesday. One analyst has rated the stock with a sell rating, sixteen have issued a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average target price of $159.50.

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.