CreativeOne Wealth LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

CreativeOne Wealth LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 26.4% in the 4th quarter, Holdings Channel reports. The fund owned 11,550 shares of the company’s stock after acquiring an additional 2,411 shares during the quarter. CreativeOne Wealth LLC’s holdings in PepsiCo were worth $1,961,000 at the end of the most recent reporting period.

A number of other institutional investors have also bought and sold shares of the business. Amplius Wealth Advisors LLC boosted its stake in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after buying an additional 60 shares during the last quarter. Darwin Wealth Management LLC boosted its position in shares of PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in PepsiCo by 2.6% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. SYM FINANCIAL Corp raised its stake in PepsiCo by 2.7% during the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after purchasing an additional 61 shares during the period. Finally, Clearwater Capital Advisors LLC boosted its holdings in PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after purchasing an additional 61 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. 0.14% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. Citigroup upgraded 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 report on Monday, February 12th. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Finally, Jefferies Financial Group upped their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $187.58.

PepsiCo Stock Up 0.2 %

Shares of NASDAQ PEP traded up $0.32 during mid-day trading on Tuesday, hitting $180.63. The company had a trading volume of 1,127,188 shares, compared to its average volume of 5,494,789. 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 company has a market capitalization of $248.33 billion, a PE ratio of 27.14, a price-to-earnings-growth ratio of 2.97 and a beta of 0.52. The business’s 50-day simple moving average is $173.35 and its 200 day simple moving average is $169.81. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping 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 for the quarter, compared to analyst estimates of $18.08 billion. During the same period in the prior year, the firm earned $1.50 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.17 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.00%. PepsiCo’s dividend payout ratio (DPR) is currently 76.09%.

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.