First Trust Advisors LP Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

First Trust Advisors LP lifted its holdings in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 5.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,673,978 shares of the company’s stock after buying an additional 84,389 shares during the quarter. First Trust Advisors LP owned approximately 0.12% of PepsiCo worth $284,308,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. LFA Lugano Financial Advisors SA increased its holdings in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC bought a new stake in PepsiCo during the 4th quarter valued at $39,000. Finally, Avion Wealth boosted its position in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $1.52 during trading on Wednesday, reaching $172.37. 225,242 shares of the company traded hands, compared to its average volume of 5,422,572. The firm’s fifty day simple moving average is $174.70 and its 200 day simple moving average is $170.47. The stock has a market cap of $236.97 billion, a P/E ratio of 26.15, a PEG ratio of 2.79 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEPGet Free Report) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business 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%. The company’s revenue was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.14%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Jefferies Financial Group increased their target price on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Barclays raised their price objective on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday, April 25th. Finally, Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and raised their price objective for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $187.58.

Check Out Our Latest Stock Report on PEP

PepsiCo Company Profile

(Free Report)

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.

Further Reading

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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