Accel Wealth Management Purchases 104 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Accel Wealth Management increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the fourth quarter, according to its most recent disclosure with the SEC. The firm owned 11,481 shares of the company’s stock after purchasing an additional 104 shares during the period. PepsiCo accounts for approximately 1.0% of Accel Wealth Management’s holdings, making the stock its 26th largest position. Accel Wealth Management’s holdings in PepsiCo were worth $1,950,000 at the end of the most recent quarter.

A number of other large investors have also added to or reduced their stakes in PEP. Mirae Asset Global Investments Co. Ltd. raised its position in shares of PepsiCo by 34.0% in the 1st quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after buying an additional 286,169 shares in the last quarter. AMI Investment Management Inc. raised its stake in PepsiCo by 0.7% during the first quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after acquiring an additional 113 shares in the last quarter. Mather Group LLC. increased its position in PepsiCo by 29.3% during the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock worth $931,000 after purchasing an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC boosted its stake in shares of PepsiCo by 117.2% during the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares in the last quarter. Finally, Equitable Holdings Inc. increased its position in PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock valued at $4,504,000 after acquiring an additional 2,116 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP traded up $1.44 during midday trading on Thursday, reaching $175.01. The company had a trading volume of 5,627,394 shares, compared to its average volume of 5,941,092. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market cap of $240.55 billion, a PE ratio of 26.68, a P/E/G ratio of 2.70 and a beta of 0.53. The business has a 50-day moving average price of $167.96 and a two-hundred day moving average price of $167.95. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same period in the prior year, the company posted $1.67 EPS. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. PepsiCo’s dividend payout ratio is presently 77.02%.

Analysts Set New Price Targets

A number of equities research analysts have recently commented on the stock. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

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.