Lineweaver Wealth Advisors LLC Buys 3,740 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lineweaver Wealth Advisors LLC grew its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 33.5% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 14,904 shares of the company's stock after acquiring an additional 3,740 shares during the period. Lineweaver Wealth Advisors LLC's holdings in PepsiCo were worth $2,237,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. WealthTrak Capital Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter worth $28,000. Elite Financial Inc. acquired a new stake in shares of PepsiCo in the first quarter worth $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo in the fourth quarter worth $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the 4th quarter valued at $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.5%

Shares of NASDAQ PEP traded down $2.20 during mid-day trading on Friday, hitting $143.24. The company's stock had a trading volume of 13,738,009 shares, compared to its average volume of 7,239,591. The stock has a market cap of $196.39 billion, a price-to-earnings ratio of 26.09, a price-to-earnings-growth ratio of 4.38 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 0.65. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company's fifty day simple moving average is $132.23 and its 200-day simple moving average is $141.18.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.03 by $0.09. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The company had revenue of $22.73 billion for the quarter, compared to analyst estimates of $22.28 billion. During the same quarter last year, the firm earned $2.28 EPS. The company's revenue for the quarter was up 1.0% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 3.97%. The ex-dividend date was Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is 103.64%.

Analyst Ratings Changes

A number of analysts have weighed in on PEP shares. Citigroup increased their price target on shares of PepsiCo from $160.00 to $168.00 and gave the company a "buy" rating in a report on Friday. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Royal Bank Of Canada reissued a "sector perform" rating and issued a $148.00 price target on shares of PepsiCo in a report on Tuesday, June 24th. UBS Group dropped their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research note on Friday, April 25th. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, sixteen have given a hold rating and four have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target of $159.50.

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.