Linscomb Wealth Inc. Purchases 1,967 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Key Points

• Linscomb Wealth Inc. increased its stake in PepsiCo by 3.5%, acquiring 1,967 additional shares, bringing its total holdings to 58,841 shares valued at approximately $8.82 million.
• PepsiCo recently announced a quarterly dividend of $1.4225, which will be paid to investors on September 30th, reflecting a 3.9% yield.
• Wall Street analysts generally maintain a consensus rating of "Hold" for PepsiCo, with price targets ranging from $132 to $168, indicating varying expectations for the stock's future performance.

Linscomb Wealth Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.5% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 58,841 shares of the company's stock after acquiring an additional 1,967 shares during the quarter. Linscomb Wealth Inc.'s holdings in PepsiCo were worth $8,823,000 at the end of the most recent quarter.

Other large investors have also bought and sold shares of the company. Asset Management One Co. Ltd. lifted its holdings in shares of PepsiCo by 3.6% during the first quarter. Asset Management One Co. Ltd. now owns 630,906 shares of the company's stock valued at $94,598,000 after purchasing an additional 21,859 shares during the last quarter. Ignite Planners LLC lifted its holdings in shares of PepsiCo by 4.2% during the first quarter. Ignite Planners LLC now owns 3,773 shares of the company's stock valued at $566,000 after purchasing an additional 151 shares during the last quarter. Ossiam lifted its holdings in shares of PepsiCo by 138.9% during the fourth quarter. Ossiam now owns 73,604 shares of the company's stock valued at $11,192,000 after purchasing an additional 42,793 shares during the last quarter. Graybill Wealth Management LTD. purchased a new position in shares of PepsiCo during the first quarter valued at approximately $3,633,000. Finally, OMERS ADMINISTRATION Corp lifted its holdings in shares of PepsiCo by 12.1% during the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock valued at $18,977,000 after purchasing an additional 13,461 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently issued reports on PEP. Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a report on Friday, July 18th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a report on Thursday, July 10th. Barclays boosted their price objective on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a report on Monday, July 21st. Finally, Citigroup boosted their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a report on Friday, July 18th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the company's stock. Based on data from MarketBeat, PepsiCo currently has a consensus rating of "Hold" and an average price target of $158.73.

PepsiCo Trading Up 0.9%

Shares of PEP stock opened at $145.21 on Monday. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73. The firm has a fifty day moving average price of $135.71 and a 200-day moving average price of $140.60. 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 company has a market cap of $198.80 billion, a price-to-earnings ratio of 26.45, a PEG ratio of 3.87 and a beta of 0.45.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data 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. PepsiCo had a net margin of 8.23% and a return on equity of 57.81%. The firm had revenue of $22.73 billion during the quarter, compared to the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The company's revenue for the quarter was up 1.0% compared to the same quarter last year. As a group, equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company 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 $1.4225 dividend. The ex-dividend date of this dividend is Friday, September 5th. This represents a $5.69 annualized dividend and a yield of 3.9%. PepsiCo's dividend payout ratio is currently 103.64%.

PepsiCo Company 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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