Elyxium Wealth LLC Invests $810,000 in PepsiCo, Inc. (NASDAQ:PEP)

Elyxium Wealth LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm bought 5,404 shares of the company's stock, valued at approximately $810,000.

Other large investors have also made changes to their positions in the company. TAGStone Capital Inc. increased its stake in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares in the last quarter. Lokken Investment Group LLC increased its position in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after acquiring an additional 70 shares during the period. Legacy Financial Group LLC lifted its position in PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after acquiring an additional 71 shares during the period. Pflug Koory LLC grew its stake in PepsiCo by 1.0% during the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock valued at $1,162,000 after purchasing an additional 76 shares during the last quarter. Finally, Hoge Financial Services LLC increased its holdings in shares of PepsiCo by 2.1% in the first quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after purchasing an additional 76 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PEP opened at $143.24 on Friday. The company has a 50-day moving average of $132.23 and a two-hundred day moving average of $141.11. The stock has a market cap of $196.39 billion, a P/E ratio of 26.09, a PEG ratio of 4.38 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 company has a current ratio of 0.78, a quick ratio of 0.65 and a debt-to-equity ratio of 2.12.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its 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 company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm's quarterly revenue was up 1.0% on a year-over-year basis. During the same period in the prior year, the firm earned $2.28 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were paid a dividend of $1.4225 per share. The ex-dividend date was Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 3.97%. PepsiCo's dividend payout ratio is currently 103.64%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on PEP shares. Evercore ISI set a $140.00 price objective on PepsiCo in a report on Thursday, April 24th. JPMorgan Chase & Co. reduced their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Morgan Stanley upped their price objective on PepsiCo from $153.00 to $165.00 and gave the stock an "equal weight" rating in a research report on Friday. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday. Finally, Deutsche Bank Aktiengesellschaft reissued a "buy" rating on shares of PepsiCo in a report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and a consensus price target of $157.93.

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.

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