Kiley Juergens Wealth Management LLC Buys Shares of 4,704 PepsiCo, Inc. $PEP

Kiley Juergens Wealth Management LLC bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the first quarter, Holdings Channel.com reports. The institutional investor bought 4,704 shares of the company’s stock, valued at approximately $730,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Gunpowder Capital Management LLC dba Oliver Wealth Management purchased a new position in PepsiCo during the 4th quarter valued at about $26,000. Swiss RE Ltd. acquired a new stake in shares of PepsiCo during the fourth quarter worth approximately $28,000. MH & Associates Securities Management Corp ADV purchased a new position in PepsiCo during the fourth quarter valued at approximately $29,000. Imprint Wealth LLC purchased a new position in PepsiCo during the third quarter valued at approximately $31,000. Finally, Networth Advisors LLC increased its stake in PepsiCo by 2,857.1% in the 1st quarter. Networth Advisors LLC now owns 207 shares of the company’s stock valued at $32,000 after buying an additional 200 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on PEP shares. Royal Bank Of Canada decreased their target price on shares of PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research note on Thursday, April 9th. JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $178.00 to $170.00 and set an “overweight” rating on the stock in a research note on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. BNP Paribas Exane boosted their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Finally, Bank of America dropped their target price on PepsiCo from $173.00 to $164.00 and set a “neutral” rating on the stock in a research report on Thursday, June 25th. Eight investment analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $165.00.

PepsiCo Stock Up 2.9%

NASDAQ PEP traded up $4.15 during trading on Tuesday, hitting $147.44. 2,597,007 shares of the company traded hands, compared to its average volume of 7,816,218. The company has a market capitalization of $201.52 billion, a P/E ratio of 23.13, a PEG ratio of 2.91 and a beta of 0.36. The business has a fifty day simple moving average of $146.59 and a 200 day simple moving average of $151.71. PepsiCo, Inc. has a 12 month low of $132.96 and a 12 month high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The firm had revenue of $19.44 billion during the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.48 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were paid a $1.48 dividend. The ex-dividend date was Friday, June 5th. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 4.0%. PepsiCo’s dividend payout ratio is 92.94%.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors are buying ahead of PepsiCo’s July 9 Q2 earnings release, with hopes the company will show that its pricing reset and product simplification plan is improving sales volumes. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
• Positive Sentiment: Analysts and market commentators are flagging PEP as a potential value opportunity, with Jim Cramer citing market rotation as creating buying chances in quality defensive stocks like PepsiCo. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
• Positive Sentiment: PepsiCo is also benefiting from product and brand activity, including new “dirty soda” inspired offerings and other marketing initiatives that could support growth. PepsiCo embraces dirty soda trend with Dirty Mountain Dew and Mug Root Beer Floats
• Neutral Sentiment: Several recent headlines are centered on earnings-week positioning and expected stock volatility, reinforcing that upcoming results are the main near-term catalyst for PEP. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
• Negative Sentiment: Some recent coverage highlights lingering concern that PepsiCo’s turnaround may be losing momentum, and Barclays recently cut its price target, pointing to pressure from slower North American demand. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

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.