Earned Wealth Advisors LLC Buys New Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Earned Wealth Advisors LLC has purchased a new stake in PepsiCo, buying 2,196 shares valued at around $329,000 during the first quarter, highlighting increasing institutional interest in the stock.
• PepsiCo reported better-than-expected earnings with an EPS of $2.12 for the last quarter, surpassing analyst expectations of $2.03, on revenues of $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, which will be paid out on September 30, providing an annualized dividend yield of 4.1%.

Earned Wealth Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm bought 2,196 shares of the company's stock, valued at approximately $329,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Northern Trust Corp boosted its position in 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 buying an additional 1,306,818 shares during the last quarter. Bank of New York Mellon Corp increased its position in shares of 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 worth $2,108,585,000 after purchasing an additional 49,699 shares during the last quarter. Capital Research Global Investors raised its holdings in PepsiCo by 7.4% during the fourth quarter. Capital Research Global Investors now owns 12,048,646 shares of the company's stock worth $1,832,116,000 after purchasing an additional 831,148 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in PepsiCo by 3.8% during 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 purchasing an additional 416,537 shares during the last quarter. Finally, Massachusetts Financial Services Co. MA boosted its stake in shares of PepsiCo by 9.3% in 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 buying an additional 923,766 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several equities research analysts recently issued reports on the stock. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research note on Thursday, July 17th. UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Citigroup lifted their price target 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. 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 report on Friday, July 18th. Finally, Royal Bank Of Canada reiterated a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average price target of $158.73.

PepsiCo Stock Performance

Shares of PEP stock traded up $0.07 during trading hours on Tuesday, reaching $139.63. The stock had a trading volume of 1,181,362 shares, compared to its average volume of 8,542,741. The firm has a market capitalization of $191.16 billion, a PE ratio of 25.42, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. 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 has a 50-day simple moving average of $134.83 and a 200-day simple moving average of $140.77. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $179.73.

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

PepsiCo Announces Dividend

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

PepsiCo 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.