Moser Wealth Advisors LLC Buys 225 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Moser Wealth Advisors LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.7% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 8,648 shares of the company’s stock after acquiring an additional 225 shares during the quarter. PepsiCo accounts for approximately 0.9% of Moser Wealth Advisors LLC’s portfolio, making the stock its 26th largest holding. Moser Wealth Advisors LLC’s holdings in PepsiCo were worth $1,469,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Charles Schwab Investment Management Inc. lifted its stake in shares of PepsiCo by 3.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock valued at $3,227,287,000 after acquiring an additional 578,083 shares during the last quarter. Northern Trust Corp boosted its stake in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares during the period. California Public Employees Retirement System grew its holdings in shares of PepsiCo by 17.9% in the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the last quarter. Massachusetts Financial Services Co. MA increased its stake in shares of PepsiCo by 9.1% in the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after buying an additional 608,321 shares during the period. Finally, Deutsche Bank AG raised its holdings in PepsiCo by 2.1% during the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after buying an additional 142,243 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.4 %

Shares of NASDAQ:PEP traded up $0.64 during midday trading on Thursday, reaching $178.05. The company’s stock had a trading volume of 283,124 shares, compared to its average volume of 5,606,891. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market capitalization of $244.78 billion, a P/E ratio of 26.68, a PEG ratio of 2.87 and a beta of 0.52. The firm has a 50 day moving average of $170.49 and a 200-day moving average of $168.70. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its earnings results 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. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business 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 business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research 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. Shareholders of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.04%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the stock. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the company from $180.00 to $195.00 in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Jefferies Financial Group boosted their target price on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Finally, Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price objective on shares of PepsiCo 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’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.