Edge Wealth Management LLC Buys 110 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Edge Wealth Management LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the first quarter, Holdings Channel.com reports. The firm owned 3,150 shares of the company’s stock after purchasing an additional 110 shares during the quarter. Edge Wealth Management LLC’s holdings in PepsiCo were worth $551,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Amplius Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after buying an additional 60 shares in the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PepsiCo by 2.6% in 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 increased its position in shares of 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 in the last quarter. Clearwater Capital Advisors LLC boosted its position in shares of PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock worth $468,000 after purchasing an additional 61 shares in the last quarter. Finally, Security Financial Services INC. grew its stake in PepsiCo by 1.6% during the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock worth $690,000 after buying an additional 61 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 0.15% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Barclays lowered their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. JPMorgan Chase & Co. raised their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday. Finally, BNP Paribas began coverage on PepsiCo in a research note on Monday. They set a “neutral” rating and a $174.00 price target on the stock. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Hold” and a consensus target price of $186.38.

PepsiCo Trading Down 0.6 %

PepsiCo stock traded down $1.02 during mid-day trading on Friday, hitting $165.24. The company’s stock had a trading volume of 383,173 shares, compared to its average volume of 5,450,685. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The stock’s fifty day moving average is $173.68 and its two-hundred day moving average is $170.35. The firm has a market capitalization of $227.17 billion, a PE ratio of 25.00, a price-to-earnings-growth ratio of 2.74 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the company posted $1.50 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.28%. The ex-dividend date is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

PepsiCo Company 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.