180 Wealth Advisors LLC Buys 563 Shares of PepsiCo, Inc. (NASDAQ:PEP)

180 Wealth Advisors LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 16,691 shares of the company’s stock after purchasing an additional 563 shares during the quarter. 180 Wealth Advisors LLC’s holdings in PepsiCo were worth $2,921,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Mather Group LLC. increased its holdings in PepsiCo by 11.8% in the 3rd quarter. Mather Group LLC. now owns 18,253 shares of the company’s stock worth $3,093,000 after acquiring an additional 1,925 shares in the last quarter. Westfield Capital Management Co. LP increased its holdings in PepsiCo by 6.7% in the 3rd quarter. Westfield Capital Management Co. LP now owns 54,876 shares of the company’s stock worth $9,298,000 after acquiring an additional 3,430 shares in the last quarter. Private Advisory Group LLC increased its holdings in PepsiCo by 17.5% in the 3rd quarter. Private Advisory Group LLC now owns 2,642 shares of the company’s stock worth $448,000 after acquiring an additional 393 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in PepsiCo by 57.9% in the 3rd quarter. Tower Research Capital LLC TRC now owns 104,616 shares of the company’s stock worth $17,726,000 after acquiring an additional 38,368 shares in the last quarter. Finally, Staley Capital Advisers Inc. increased its holdings in PepsiCo by 7.5% in the 3rd quarter. Staley Capital Advisers Inc. now owns 9,687 shares of the company’s stock worth $1,641,000 after acquiring an additional 677 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.10 during midday trading on Friday, reaching $165.16. 1,215,458 shares of the stock traded hands, compared to its average volume of 5,457,397. 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 stock has a market capitalization of $227.06 billion, a PE ratio of 24.97, a P/E/G ratio of 2.74 and a beta of 0.52. The company’s 50 day moving average is $173.68 and its 200 day moving average is $170.35. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the company earned $1.50 EPS. The company’s revenue was up 2.3% compared to the same quarter last year. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.16 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. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.28%. The ex-dividend date of this dividend is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 81.50%.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEP shares. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Jefferies Financial Group increased their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a report on Thursday, May 16th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and a consensus target price of $186.38.

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.