PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 26.5% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,895 shares of the company's stock after purchasing an additional 2,907 shares during the period. U.S. Capital Wealth Advisors LLC's holdings in PepsiCo were worth $2,083,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Brighton Jones LLC boosted its holdings in shares of PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company's stock valued at $9,031,000 after buying an additional 6,574 shares in the last quarter. Bank Pictet & Cie Europe AG boosted its holdings in shares of PepsiCo by 2.5% in the 4th quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company's stock valued at $71,527,000 after buying an additional 11,538 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of PepsiCo by 22.7% in the 4th quarter. Proficio Capital Partners LLC now owns 4,449 shares of the company's stock valued at $677,000 after buying an additional 824 shares in the last quarter. AlphaQuest LLC boosted its holdings in shares of PepsiCo by 126.6% in the 4th quarter. AlphaQuest LLC now owns 2,579 shares of the company's stock valued at $392,000 after buying an additional 1,441 shares in the last quarter. Finally, Davis R M Inc. boosted its holdings in shares of PepsiCo by 12.8% in the 4th quarter. Davis R M Inc. now owns 295,761 shares of the company's stock valued at $44,973,000 after buying an additional 33,652 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on the stock. Dbs Bank lowered shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. Royal Bank Of Canada reaffirmed a "sector perform" rating and issued a $148.00 price objective on shares of PepsiCo in a research report on Tuesday, June 24th. UBS Group decreased their price objective on shares of PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Citigroup decreased their price objective on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. 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 company. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded up $1.70 during midday trading on Thursday, reaching $136.18. 2,630,689 shares of the stock were exchanged, compared to its average volume of 7,063,593. The firm has a market cap of $186.71 billion, a price-to-earnings ratio of 20.02, a PEG ratio of 4.22 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91. The firm has a 50-day simple moving average of $131.41 and a two-hundred day simple moving average of $141.88. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the previous year, the business earned $1.61 EPS. As a group, analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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 paid a $1.4225 dividend. 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 4.18%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) 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.