Wealth Alliance LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wealth Alliance LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 29.2% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 22,224 shares of the company's stock after purchasing an additional 5,019 shares during the period. Wealth Alliance LLC's holdings in PepsiCo were worth $3,332,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. WealthTrak Capital Management LLC purchased a new position in PepsiCo in the 4th quarter worth approximately $28,000. Elite Financial Inc. acquired a new stake in PepsiCo in the first quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $30,000. Measured Risk Portfolios Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth about $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

Several research firms recently issued reports on PEP. Dbs Bank downgraded PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Cowen reaffirmed a "hold" rating on shares of PepsiCo in a research report on Thursday. Deutsche Bank Aktiengesellschaft restated a "buy" rating on shares of PepsiCo in a research note on Thursday. UBS Group lowered their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Finally, Bank of America reduced their price objective on PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a research note on Friday, July 11th. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus price target of $157.93.

PepsiCo Price Performance

PepsiCo stock traded down $2.20 during midday trading on Friday, reaching $143.24. 13,738,009 shares of the company were exchanged, compared to its average volume of 7,239,591. The company has a market capitalization of $196.11 billion, a price-to-earnings ratio of 26.09, a P/E/G ratio of 4.38 and a beta of 0.45. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.12, a quick ratio of 0.60 and a current ratio of 0.78. The firm's 50-day simple moving average is $132.23 and its 200-day simple moving average is $141.11.

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

PepsiCo Increases Dividend

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