Trace Wealth Advisors LLC Purchases Shares of 2,451 PepsiCo, Inc. (NASDAQ:PEP)

Trace Wealth Advisors LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 2,451 shares of the company's stock, valued at approximately $373,000.

Several other large investors have also recently added to or reduced their stakes in the company. Tallon Kerry Patrick acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $224,000. Chemistry Wealth Management LLC grew its position in PepsiCo by 10.7% during the 4th quarter. Chemistry Wealth Management LLC now owns 2,301 shares of the company's stock worth $350,000 after acquiring an additional 222 shares during the last quarter. Walker Asset Management LLC grew its position in PepsiCo by 6.4% during the 4th quarter. Walker Asset Management LLC now owns 2,097 shares of the company's stock worth $319,000 after acquiring an additional 127 shares during the last quarter. Grant GrossMendelsohn LLC grew its position in PepsiCo by 5.5% during the 4th quarter. Grant GrossMendelsohn LLC now owns 1,778 shares of the company's stock worth $273,000 after acquiring an additional 93 shares during the last quarter. Finally, Brand Asset Management Group Inc. grew its position in PepsiCo by 7.9% during the 4th quarter. Brand Asset Management Group Inc. now owns 2,535 shares of the company's stock worth $385,000 after acquiring an additional 185 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Royal Bank of Canada reiterated a "sector perform" rating and issued a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Barclays decreased their price objective on PepsiCo from $143.00 to $135.00 and set an "equal weight" rating on the stock in a research report on Monday, April 28th. UBS Group decreased their price objective on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. HSBC reduced their price target on PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research report on Tuesday, February 4th. Finally, Evercore ISI set a $140.00 price target on PepsiCo in a research report on Thursday, April 24th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Hold" and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $131.98 on Friday. The company has a market capitalization of $180.96 billion, a PE ratio of 18.99, a PEG ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a 12 month low of $127.87 and a 12 month high of $182.13. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock's fifty day simple moving average is $141.38 and its 200 day simple moving average is $149.54.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.31%. PepsiCo's dividend payout ratio (DPR) is currently 83.68%.

PepsiCo 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.

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