PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Wade G W & Inc.

Wade G W & Inc. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 3.1% in the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 146,343 shares of the company's stock after acquiring an additional 4,379 shares during the period. Wade G W & Inc.'s holdings in PepsiCo were worth $24,855,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA grew its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company's stock valued at $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at $39,000. Finally, Avion Wealth grew its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company's stock valued at $41,000 after buying an additional 92 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the subject of several research reports. Royal Bank of Canada reissued a "sector perform" rating and set a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Jefferies Financial Group upped their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a "buy" rating in a research report on Friday, April 5th. Deutsche Bank Aktiengesellschaft upped their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a "hold" rating in a research report on Friday, February 9th. Morgan Stanley raised shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price target for the company in a research report on Monday, March 18th. Finally, Argus cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Wednesday, April 3rd. Six research 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 an average rating of "Moderate Buy" and a consensus price target of $187.42.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 0.15% of the company's stock.

PepsiCo Stock Down 0.6 %

PEP stock traded down $1.03 during trading on Tuesday, reaching $179.87. The stock had a trading volume of 3,508,640 shares, compared to its average volume of 5,580,554. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. 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 company has a market capitalization of $247.28 billion, a P/E ratio of 27.05, a PEG ratio of 2.93 and a beta of 0.52. The firm has a fifty day moving average price of $171.57 and a 200 day moving average price of $169.19.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.01%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's dividend payout ratio is 81.50%.

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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