PepsiCo, Inc. (NASDAQ:PEP) Stake Raised by WealthPlan Investment Management LLC

Key Points

• WealthPlan Investment Management LLC increased its holdings in PepsiCo, Inc. by 4.8% in Q1, owning 76,604 shares valued at approximately $11.5 million.
• PepsiCo announced a quarterly dividend of $1.4225, which represents a 4.0% yield, with the ex-dividend date set for September 5th.
• In its recent earnings report, PepsiCo reported $2.12 earnings per share, exceeding analyst estimates of $2.03, alongside revenue of $22.73 billion.

WealthPlan Investment Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 76,604 shares of the company's stock after purchasing an additional 3,532 shares during the quarter. PepsiCo accounts for approximately 1.1% of WealthPlan Investment Management LLC's portfolio, making the stock its 23rd biggest position. WealthPlan Investment Management LLC's holdings in PepsiCo were worth $11,486,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of PEP. Legacy Financial Group LLC lifted its holdings in 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 buying an additional 71 shares during the period. Pflug Koory LLC boosted its position in shares of PepsiCo by 1.0% in the 1st quarter. Pflug Koory LLC now owns 7,750 shares of the company's stock worth $1,162,000 after purchasing an additional 76 shares in the last quarter. Hoge Financial Services LLC increased its position in PepsiCo by 2.1% during the 1st quarter. Hoge Financial Services LLC now owns 3,633 shares of the company's stock valued at $545,000 after buying an additional 76 shares in the last quarter. Members Trust Co raised its position in shares of PepsiCo by 1.3% in the 1st quarter. Members Trust Co now owns 5,941 shares of the company's stock valued at $891,000 after purchasing an additional 77 shares during the last quarter. Finally, Fairview Capital Investment Management LLC lifted its stake in shares of PepsiCo by 2.3% during the fourth quarter. Fairview Capital Investment Management LLC now owns 3,526 shares of the company's stock worth $536,000 after buying an additional 78 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Royal Bank Of Canada reissued a "sector perform" rating and set a $148.00 target price on shares of PepsiCo in a report on Tuesday, June 24th. Citigroup upped their price objective on shares of PepsiCo from $160.00 to $168.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research note on Friday, May 9th. Barclays raised their price target on shares of PepsiCo from $132.00 to $144.00 and gave the stock an "equal weight" rating in a research note on Monday, July 21st. Finally, Wells Fargo & Company upped their price target on PepsiCo from $140.00 to $154.00 and gave the company an "equal weight" rating in a research report on Friday, July 18th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company has an average rating of "Hold" and an average target price of $158.73.

PepsiCo Trading Up 0.9%

Shares of NASDAQ PEP traded up $1.29 during trading on Friday, hitting $145.21. 5,313,480 shares of the company traded hands, compared to its average volume of 9,539,993. The firm has a market capitalization of $198.80 billion, a P/E ratio of 26.45, a P/E/G ratio of 3.83 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. The company has a 50-day moving average price of $135.71 and a 200-day moving average price of $140.70. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $179.73.

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

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 30th. Investors of record on Friday, September 5th will be given a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a dividend yield of 3.9%. The ex-dividend date of this dividend is Friday, September 5th. PepsiCo's dividend payout ratio is currently 103.64%.

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.