Geneos Wealth Management Inc. Buys 5,761 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Geneos Wealth Management Inc. increased its stake in PepsiCo by 37.7%, owning 21,022 shares worth approximately $3.15 million after purchasing an additional 5,761 shares during the first quarter.
• PepsiCo reported quarterly earnings of $2.12 EPS, exceeding analysts' expectations and showing a 1.0% year-over-year revenue growth, totaling $22.73 billion.
• The company announced a quarterly dividend of $1.4225 per share, which will be distributed to shareholders on September 30th, representing an annualized dividend yield of 3.98%.

Geneos Wealth Management Inc. lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 37.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 21,022 shares of the company's stock after acquiring an additional 5,761 shares during the quarter. Geneos Wealth Management Inc.'s holdings in PepsiCo were worth $3,152,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in PEP. Brighton Jones LLC grew its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock worth $9,031,000 after acquiring an additional 6,574 shares during the last quarter. Bank Pictet & Cie Europe AG boosted its position in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after purchasing an additional 11,538 shares during the period. Trexquant Investment LP acquired a new stake in PepsiCo during the 4th quarter worth about $7,083,000. Potomac Fund Management Inc. ADV purchased a new stake in PepsiCo during the fourth quarter valued at about $924,000. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in shares of PepsiCo by 2.3% in the fourth quarter. Te Ahumairangi Investment Management Ltd now owns 17,004 shares of the company's stock worth $2,586,000 after buying an additional 380 shares during the period. Institutional investors own 73.07% of the company's stock.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating on shares of PepsiCo in a research report on Thursday, July 17th. Cowen reissued a "hold" rating on shares of PepsiCo in a research report on Thursday, July 17th. Citigroup raised their price objective on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Finally, Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Stock Up 1.0%

Shares of NASDAQ:PEP traded up $1.36 on Friday, reaching $139.28. The company had a trading volume of 7,606,047 shares, compared to its average volume of 9,347,638. The stock has a market capitalization of $190.69 billion, a P/E ratio of 25.37, a P/E/G ratio of 3.67 and a beta of 0.45. The stock has a 50-day moving average price of $134.43 and a 200 day moving average price of $140.93. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. 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 posted its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share for the quarter, topping the consensus estimate of $2.03 by $0.09. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion during the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company earned $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Stockholders of record on Friday, September 5th will be paid a $1.4225 dividend. 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 payout ratio is presently 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.