WealthPLAN Partners LLC Has $2.73 Million Stake in PepsiCo, Inc. $PEP

Key Points

• WealthPLAN Partners LLC cut its PepsiCo stake by 31.8% in the first quarter, selling 8,209 shares and leaving it with 17,591 shares valued at about $2.73 million.
• Institutional ownership remains high, with hedge funds and other investors owning 73.07% of PepsiCo shares. Several firms recently opened small new positions or increased holdings in the stock.
• PepsiCo’s operating and valuation picture is mixed: the stock was up 1.2% to $144.98, it beat last quarter’s EPS and revenue estimates, and it recently raised its dividend to $1.48 per quarter, but Wall Street’s consensus rating remains Hold with a $165 target price.

WealthPLAN Partners LLC reduced its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 31.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,591 shares of the company's stock after selling 8,209 shares during the quarter. WealthPLAN Partners LLC's holdings in PepsiCo were worth $2,732,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in PEP. Gunpowder Capital Management LLC dba Oliver Wealth Management acquired a new position in PepsiCo in the fourth quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $29,000. Imprint Wealth LLC bought a new position in shares of PepsiCo in the third quarter valued at approximately $31,000. Finally, Networth Advisors LLC boosted its holdings in shares of PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company's stock worth $32,000 after acquiring an additional 200 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors are buying ahead of earnings, expecting PepsiCo’s pricing reset, product simplification, and new product launches to support a recovery in demand and volume growth. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
• Positive Sentiment: Market commentary from Jim Cramer framed PepsiCo as a quality stock that may benefit from rotation into defensive names, which can support sentiment even during broader volatility. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
• Neutral Sentiment: Investors are watching for a potentially large post-earnings move, with options pricing implying the stock could swing meaningfully after results. Here's How Much PepsiCo Stock Is Expected to Move After Earnings
• Neutral Sentiment: Broader market headlines are keeping consumer staples and blue chips in focus, but they do not directly change PepsiCo’s fundamentals. Chips Slip Again as Caterpillar Bites the Dow: Stock Market Today
• Negative Sentiment: Barclays recently cut its price target and warned that PepsiCo’s turnaround could be losing momentum, highlighting risk if North American demand remains weak. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on PEP shares. Piper Sandler dropped their price target on PepsiCo from $181.00 to $178.00 and set an "overweight" rating for the company in a report on Friday, June 12th. Sanford C. Bernstein set a $142.00 target price on PepsiCo and gave the stock a "market perform" rating in a report on Wednesday, July 1st. The Goldman Sachs Group raised their target price on PepsiCo from $180.00 to $183.00 and gave the company a "buy" rating in a research note on Friday, April 17th. Citigroup reduced their price target on shares of PepsiCo from $182.00 to $170.00 and set a "buy" rating on the stock in a research report on Thursday, June 25th. Finally, Weiss Ratings reissued a "hold (c)" rating on shares of PepsiCo in a report on Wednesday, April 8th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus target price of $165.00.

PepsiCo Stock Up 1.2%

Shares of PEP opened at $144.98 on Wednesday. The firm has a market capitalization of $198.15 billion, a price-to-earnings ratio of 22.76, a PEG ratio of 2.89 and a beta of 0.36. PepsiCo, Inc. has a 52 week low of $132.96 and a 52 week high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The business's fifty day moving average price is $146.38 and its two-hundred day moving average price is $151.68.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The firm's revenue for the quarter was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.48 earnings per share. On average, analysts predict that PepsiCo, Inc. will post 8.62 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were paid a $1.48 dividend. This is a boost from PepsiCo's previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 4.1%. PepsiCo's payout ratio is 92.94%.

PepsiCo Company Profile

PepsiCo, Inc NASDAQ: PEP is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay's, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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