RWA Wealth Partners LLC Has $38.05 Million Stock Holdings in PepsiCo, Inc. $PEP

Key Points

• RWA Wealth Partners LLC increased its stake in PepsiCo, Inc. by 6.1% during the 1st quarter, holding 253,789 shares valued at $38.05 million.
• PepsiCo reported a quarterly earnings of $2.12 per share, surpassing analysts' expectations and achieving a net revenue of $22.73 billion.
• The company is set to pay a quarterly dividend of $1.4225 per share, resulting in an annualized dividend of $5.69 with a yield of 3.8%.

RWA Wealth Partners LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 253,789 shares of the company's stock after acquiring an additional 14,558 shares during the period. RWA Wealth Partners LLC's holdings in PepsiCo were worth $38,053,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Vanguard Group Inc. increased its holdings in PepsiCo by 1.4% in the first quarter. Vanguard Group Inc. now owns 135,174,252 shares of the company's stock worth $20,268,027,000 after purchasing an additional 1,802,748 shares in the last quarter. Charles Schwab Investment Management Inc. increased its holdings in PepsiCo by 5.0% in the first quarter. Charles Schwab Investment Management Inc. now owns 26,475,241 shares of the company's stock worth $3,969,698,000 after purchasing an additional 1,258,198 shares in the last quarter. Northern Trust Corp increased its holdings in PepsiCo by 8.7% in the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company's stock worth $2,494,300,000 after purchasing an additional 1,306,818 shares in the last quarter. Bank of New York Mellon Corp increased its holdings in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company's stock valued at $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. Finally, Invesco Ltd. raised its position in shares of PepsiCo by 4.5% during the first quarter. Invesco Ltd. now owns 11,328,158 shares of the company's stock worth $1,698,544,000 after purchasing an additional 491,894 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Up 1.2%

Shares of NASDAQ PEP opened at $150.40 on Monday. The business has a 50-day simple moving average of $137.39 and a two-hundred day simple moving average of $140.48. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $179.73. The company has a market cap of $205.91 billion, a P/E ratio of 27.40, a P/E/G ratio of 4.01 and a beta of 0.45. The company has a quick ratio of 0.60, a current ratio of 0.78 and a debt-to-equity ratio of 2.12.

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

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be issued a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.8%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio (DPR) is currently 103.64%.

Analyst Upgrades and Downgrades

A number of equities analysts have recently weighed in on the company. Bank of America lowered their target price on PepsiCo from $150.00 to $145.00 and set a "neutral" rating on the stock in a research report on Friday, July 11th. Royal Bank Of Canada reaffirmed a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a research report on Tuesday, June 24th. Citigroup upped their target price on PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Wells Fargo & Company upped their target price on PepsiCo from $140.00 to $154.00 and gave the stock an "equal weight" rating in a research report on Friday, July 18th. Finally, Cowen reiterated a "hold" rating on shares of PepsiCo in a report on Thursday, July 17th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and a consensus price target of $158.73.

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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