PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by BKM Wealth Management LLC

BKM Wealth Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 19.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 11,112 shares of the company's stock after purchasing an additional 1,822 shares during the period. BKM Wealth Management LLC's holdings in PepsiCo were worth $1,666,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the 4th quarter worth approximately $28,000. Elite Financial Inc. purchased a new position in PepsiCo during the 1st quarter worth approximately $28,000. Prudent Man Investment Management Inc. purchased a new position in PepsiCo during the 4th quarter worth approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC purchased a new position in PepsiCo during the 4th quarter worth approximately $33,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Trading Down 1.5%

Shares of PEP opened at $143.24 on Friday. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.78 and a debt-to-equity ratio of 2.12. The firm's fifty day moving average is $132.23 and its two-hundred day moving average is $141.11. The stock has a market cap of $196.39 billion, a PE ratio of 26.09, a price-to-earnings-growth ratio of 4.38 and a beta of 0.45.

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 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 analysts' expectations of $22.28 billion. During the same quarter in the previous year, the company posted $2.28 EPS. The firm's quarterly revenue was up 1.0% on a year-over-year basis. Research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

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

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $150.00 to $139.00 and set a "neutral" rating for the company in a research report on Thursday, July 10th. Wells Fargo & Company raised their price target on shares of PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday. UBS Group cut their target price on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a report on Friday, April 25th. Bank of America cut their target price on shares of PepsiCo from $150.00 to $145.00 and set a "neutral" rating for the company in a report on Friday, July 11th. Finally, Cowen reaffirmed a "hold" rating on shares of PepsiCo in a report on Thursday. One research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of "Hold" and an average price target 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.

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