PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by BIP Wealth LLC

BIP Wealth LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 46.3% during the fourth quarter, Holdings Channel reports. The firm owned 3,900 shares of the company’s stock after acquiring an additional 1,234 shares during the quarter. BIP Wealth LLC’s holdings in PepsiCo were worth $662,000 at the end of the most recent quarter.

Other large investors also recently added to or reduced their stakes in the company. Tokio Marine Asset Management Co. Ltd. raised its stake in shares of PepsiCo by 4.8% in the fourth quarter. Tokio Marine Asset Management Co. Ltd. now owns 30,765 shares of the company’s stock valued at $5,225,000 after acquiring an additional 1,415 shares in the last quarter. Atria Wealth Solutions Inc. raised its stake in shares of PepsiCo by 11.5% in the fourth quarter. Atria Wealth Solutions Inc. now owns 156,056 shares of the company’s stock valued at $26,662,000 after acquiring an additional 16,156 shares in the last quarter. Carret Asset Management LLC raised its stake in shares of PepsiCo by 0.9% in the fourth quarter. Carret Asset Management LLC now owns 62,556 shares of the company’s stock valued at $10,625,000 after acquiring an additional 555 shares in the last quarter. Wynn Capital LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $607,000. Finally, Alaska Permanent Fund Corp raised its stake in shares of PepsiCo by 1.7% in the fourth quarter. Alaska Permanent Fund Corp now owns 63,050 shares of the company’s stock valued at $10,708,000 after acquiring an additional 1,030 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP traded up $0.25 during mid-day trading on Thursday, reaching $177.66. The stock had a trading volume of 4,759,884 shares, compared to its average volume of 5,836,548. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $244.20 billion, a price-to-earnings ratio of 26.85, a PEG ratio of 2.69 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The business has a 50 day simple moving average of $169.04 and a 200 day simple moving average of $167.70.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same quarter last year, the firm earned $1.50 earnings per share. The firm’s revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.85%. PepsiCo’s payout ratio is 76.09%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on the company. Barclays increased their target price on PepsiCo from $183.00 to $184.00 and gave the company an “overweight” rating in a report on Friday, April 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. 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 report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $187.33.

PepsiCo Company 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.