OneAscent Family Office LLC Buys 3,059 Shares of PepsiCo, Inc. (NASDAQ:PEP)

OneAscent Family Office LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 110.3% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,832 shares of the company's stock after purchasing an additional 3,059 shares during the quarter. OneAscent Family Office LLC's holdings in PepsiCo were worth $874,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors also recently added to or reduced their stakes in the stock. WealthTrak Capital Management LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $28,000. Elite Financial Inc. acquired a new position in PepsiCo in the first quarter valued at approximately $28,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. acquired a new position in PepsiCo in the fourth quarter valued at approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo in the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company's stock.

PepsiCo Stock Down 1.5%

PepsiCo stock opened at $143.24 on Friday. The company has a market capitalization of $196.39 billion, a P/E ratio of 26.09, a P/E/G ratio of 4.38 and a beta of 0.45. The firm's fifty day simple moving average is $132.23 and its 200-day simple moving average is $141.11. 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, Inc. has a 1-year low of $127.60 and a 1-year high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, July 17th. The company reported $2.12 earnings per share (EPS) for the quarter, topping 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 the consensus estimate of $22.28 billion. During the same quarter in the previous year, the firm posted $2.28 EPS. The business's revenue was up 1.0% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.97%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is 103.64%.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on PEP. UBS Group dropped their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Royal Bank Of Canada restated a "sector perform" rating and issued a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $150.00 to $139.00 and set a "neutral" rating on the stock in a research note on Thursday, July 10th. Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research note on Friday. Finally, Barclays decreased their price target on PepsiCo from $135.00 to $132.00 and set an "equal weight" rating on the stock in a research note on Tuesday, July 15th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $157.93.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.