Strategic Wealth Investment Group LLC Trims Stock Position in PepsiCo, Inc. $PEP

Strategic Wealth Investment Group LLC lessened its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 68,140 shares of the company’s stock after selling 28,086 shares during the quarter. Strategic Wealth Investment Group LLC’s holdings in PepsiCo were worth $9,779,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. MH & Associates Securities Management Corp ADV purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $29,000. Imprint Wealth LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at approximately $31,000. Mowery & Schoenfeld Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter valued at approximately $33,000. Evolution Wealth Management Inc. raised its position in shares of PepsiCo by 47.8% during the 4th quarter. Evolution Wealth Management Inc. now owns 232 shares of the company’s stock valued at $33,000 after buying an additional 75 shares during the period. Finally, Strategic Advocates LLC purchased a new stake in PepsiCo in the third quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.2%

PepsiCo stock opened at $141.92 on Friday. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $171.48. The stock’s fifty day simple moving average is $152.21 and its 200-day simple moving average is $152.51. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98. The firm has a market capitalization of $193.97 billion, a P/E ratio of 22.28, a P/E/G ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. During the same quarter in the prior year, the company earned $1.48 earnings per share. The company’s revenue was up 8.5% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be paid a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s payout ratio is presently 89.32%.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on PEP. Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Royal Bank Of Canada cut their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating on the stock in a research report on Thursday, April 9th. UBS Group cut their target price on PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. Finally, The Goldman Sachs Group boosted their target price on PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a research report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and an average target price of $169.58.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.