Signal Advisors Wealth LLC Purchases 5,179 Shares of PepsiCo, Inc. $PEP

Signal Advisors Wealth LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 42.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,364 shares of the company’s stock after purchasing an additional 5,179 shares during the quarter. Signal Advisors Wealth LLC’s holdings in PepsiCo were worth $2,696,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in PEP. Brighton Jones LLC grew its position in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after acquiring an additional 6,574 shares during the period. Caxton Associates LLP purchased a new position in PepsiCo during the first quarter valued at $251,000. Sivia Capital Partners LLC lifted its position in PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock valued at $862,000 after purchasing an additional 3,790 shares in the last quarter. Schnieders Capital Management LLC. increased its position in PepsiCo by 10.1% in the second quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after buying an additional 3,502 shares in the last quarter. Finally, Sei Investments Co. raised its stake in shares of PepsiCo by 45.5% in the second quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock worth $70,789,000 after buying an additional 167,707 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

PEP opened at $140.71 on Tuesday. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The stock has a market capitalization of $192.32 billion, a price-to-earnings ratio of 22.09, a PEG ratio of 2.83 and a beta of 0.35. The company has a fifty day moving average of $149.56 and a 200 day moving average of $152.20. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $171.48.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date is Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.2%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is 92.94%.

Analysts Set New Price Targets

PEP has been the subject of a number of recent research reports. Piper Sandler cut their price objective on PepsiCo from $181.00 to $178.00 and set an “overweight” rating for the company in a research note on Friday, June 12th. Weiss Ratings reaffirmed a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. The Goldman Sachs Group increased their price objective on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, HSBC boosted their price objective on PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $167.10.

About PepsiCo

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.