Liberty Wealth Management LLC Has $13.08 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Liberty Wealth Management LLC increased its stake in PepsiCo, Inc. by a remarkable 2,217.0%, owning 87,260 shares worth approximately $13.08 million at the end of the latest quarter.
• PepsiCo announced a quarterly dividend of $1.4225 per share, which reflects an annual yield of 4.1%, and is set to be paid on September 30.
• Analysts' opinions on PepsiCo stock vary, with a consensus rating of “Hold” and an average target price of $158.73, following recent price adjustments from several major financial institutions.

Liberty Wealth Management LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 2,217.0% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 87,260 shares of the company's stock after buying an additional 83,494 shares during the quarter. Liberty Wealth Management LLC's holdings in PepsiCo were worth $13,084,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of the company. Elite Financial Inc. purchased a new stake in PepsiCo in the first quarter valued at about $28,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo during the 4th quarter worth $31,000. GKV Capital Management Co. Inc. acquired a new position in PepsiCo during the fourth quarter worth approximately $38,000. Bridge Generations Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter worth $38,000. Finally, Sunbeam Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $47,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.0%

PepsiCo stock traded up $0.04 during mid-day trading on Tuesday, reaching $139.60. 1,181,362 shares of the company were exchanged, compared to its average volume of 8,542,741. The business has a fifty day moving average of $134.83 and a 200 day moving average of $140.77. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $179.73. The firm has a market cap of $191.13 billion, a P/E ratio of 25.42, a PEG ratio of 3.71 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly 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. PepsiCo had a return on equity of 57.81% and a net margin of 8.23%. The firm had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same period in the previous year, the company posted $2.28 earnings per share. The business's revenue was up 1.0% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. Barclays lifted their price objective on PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. Finally, UBS Group reduced their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average 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.