PepsiCo, Inc. (NASDAQ:PEP) Holdings Lowered by Tyche Wealth Partners LLC

Tyche Wealth Partners LLC trimmed its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.3% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 199,729 shares of the company's stock after selling 6,777 shares during the quarter. PepsiCo comprises about 8.6% of Tyche Wealth Partners LLC's investment portfolio, making the stock its biggest position. Tyche Wealth Partners LLC's holdings in PepsiCo were worth $34,955,000 at the end of the most recent reporting period.

Several other large investors have also recently made changes to their positions in PEP. Norges Bank bought a new stake in shares of PepsiCo in the fourth quarter worth about $2,686,139,000. International Assets Investment Management LLC increased its stake in PepsiCo by 9,623.6% during the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company's stock worth $519,381,000 after acquiring an additional 3,026,611 shares during the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new stake in PepsiCo during the third quarter worth approximately $329,179,000. Flossbach Von Storch AG increased its stake in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company's stock worth $463,259,000 after acquiring an additional 1,495,586 shares during the last quarter. Finally, California Public Employees Retirement System increased its stake in PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company's stock worth $1,641,389,000 after acquiring an additional 1,470,064 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a "neutral" rating in a research note on Wednesday, April 24th. StockNews.com lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Monday, February 12th. Argus lowered PepsiCo from a "buy" rating to a "hold" rating in a research report on Wednesday, April 3rd. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the company a "buy" rating in a research report on Friday, April 5th. Finally, Morgan Stanley upgraded PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo presently has a consensus rating of "Moderate Buy" and a consensus target price of $187.42.

PepsiCo Trading Up 0.2 %

Shares of NASDAQ PEP traded up $0.30 during trading hours on Thursday, reaching $175.45. The stock had a trading volume of 3,964,680 shares, compared to its average volume of 5,767,934. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. The firm has a market cap of $241.21 billion, a price-to-earnings ratio of 26.38, a P/E/G ratio of 2.87 and a beta of 0.52. The business's fifty day moving average price is $170.01 and its two-hundred day moving average price is $168.26. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. PepsiCo's revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.50 earnings per share. Analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is an increase from PepsiCo's previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.09%. PepsiCo's dividend payout ratio is presently 76.09%.

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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