BCGM Wealth Management LLC Makes New $204,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

BCGM Wealth Management LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor bought 1,203 shares of the company’s stock, valued at approximately $204,000.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. LFA Lugano Financial Advisors SA grew its position in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the 4th quarter valued at about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $39,000. Finally, Avion Wealth grew its position in shares of PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. 0.15% of the stock is currently owned by corporate insiders.

PepsiCo Stock Down 0.5 %

Shares of PepsiCo stock traded down $0.92 on Friday, hitting $182.19. The company had a trading volume of 4,449,107 shares, compared to its average volume of 5,024,147. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.86. 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 stock has a 50 day moving average of $173.04 and a 200-day moving average of $169.68. The stock has a market capitalization of $250.47 billion, a price-to-earnings ratio of 27.40, a P/E/G ratio of 2.97 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted 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 return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the company earned $1.50 earnings per share. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.17 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. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 2.97%. The ex-dividend date is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

Wall Street Analyst Weigh In

A number of research firms have commented on PEP. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group upped their target price on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday. JPMorgan Chase & Co. upped their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.58.

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.