Capital Advisors Wealth Management LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Capital Advisors Wealth Management LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 137.8% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,589 shares of the company’s stock after purchasing an additional 2,659 shares during the period. Capital Advisors Wealth Management LLC’s holdings in PepsiCo were worth $803,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the company. Austin Private Wealth LLC lifted its holdings in shares of PepsiCo by 14.3% in the 1st quarter. Austin Private Wealth LLC now owns 3,953 shares of the company’s stock valued at $671,000 after acquiring an additional 494 shares during the last quarter. CGN Advisors LLC lifted its holdings in shares of PepsiCo by 7.3% in the 1st quarter. CGN Advisors LLC now owns 18,969 shares of the company’s stock valued at $3,320,000 after acquiring an additional 1,285 shares during the last quarter. Allen Mooney & Barnes Investment Advisors LLC lifted its holdings in shares of PepsiCo by 1.0% in the 1st quarter. Allen Mooney & Barnes Investment Advisors LLC now owns 45,148 shares of the company’s stock valued at $7,601,000 after acquiring an additional 469 shares during the last quarter. Nova R Wealth Inc. bought a new position in shares of PepsiCo in the 1st quarter valued at about $206,000. Finally, Doliver Advisors LP lifted its holdings in shares of PepsiCo by 101.8% in the 1st quarter. Doliver Advisors LP now owns 5,202 shares of the company’s stock valued at $910,000 after acquiring an additional 2,624 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling

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

PepsiCo Stock Performance

PEP traded down $0.08 during trading on Tuesday, reaching $168.00. 568,097 shares of the company’s stock were exchanged, compared to its average volume of 5,476,410. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $230.96 billion, a P/E ratio of 25.28, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The company’s fifty day simple moving average is $173.73 and its 200-day simple moving average is $170.36.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) 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 net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period last year, the firm posted $1.50 EPS. As a group, research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.23%. 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 payout ratio is presently 81.50%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on PEP shares. Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Jefferies Financial Group upped their price target on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. JPMorgan Chase & Co. raised their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Seven research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $186.15.

Check Out Our Latest Stock Report on PepsiCo

PepsiCo 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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