Signature Wealth Management Group Invests $3.62 Million in PepsiCo, Inc. (NASDAQ:PEP)

Signature Wealth Management Group bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 24,168 shares of the company's stock, valued at approximately $3,624,000.

A number of other hedge funds also recently bought and sold shares of PEP. Tcfg Wealth Management LLC grew its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares during the period. TAGStone Capital Inc. grew its holdings in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the period. Lokken Investment Group LLC boosted its position in shares of PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after purchasing an additional 70 shares in the last quarter. Legacy Financial Group LLC boosted its position in shares of PepsiCo by 4.9% during the first quarter. Legacy Financial Group LLC now owns 1,514 shares of the company's stock worth $227,000 after purchasing an additional 71 shares in the last quarter. Finally, Atlantic Private Wealth LLC boosted its position in shares of PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company's stock worth $42,000 after purchasing an additional 75 shares in the last quarter. Institutional investors own 73.07% of the company's stock.

Analysts Set New Price Targets

PEP has been the topic of a number of recent analyst reports. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a research report on Monday, April 21st. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. UBS Group reduced their price target on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus target price of $160.69.

PepsiCo Stock Performance

PEP stock traded up $0.56 during mid-day trading on Monday, hitting $131.41. The company had a trading volume of 11,180,020 shares, compared to its average volume of 6,695,029. The firm has a market cap of $180.17 billion, a PE ratio of 18.91, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The stock's fifty day moving average price is $134.63 and its two-hundred day moving average price is $144.96.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business's revenue was down 1.8% on a year-over-year basis. During the same period in the prior year, the firm posted $1.61 EPS. On average, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.33%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

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.