PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Accel Wealth Management

Accel Wealth Management grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 17.6% during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 13,500 shares of the company’s stock after purchasing an additional 2,019 shares during the period. PepsiCo comprises approximately 1.0% of Accel Wealth Management’s investment portfolio, making the stock its 26th largest holding. Accel Wealth Management’s holdings in PepsiCo were worth $2,363,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA lifted its holdings in PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC lifted its holdings in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new position in PepsiCo in the 4th quarter valued at $34,000. Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo in the 1st quarter valued at $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of PepsiCo in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research firms have weighed in on PEP. TD Cowen dropped their target price on PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday. BNP Paribas began coverage on PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price for the company. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Finally, Jefferies Financial Group lifted their target price on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Seven research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $186.64.

PepsiCo Stock Down 0.6 %

Shares of PEP traded down $0.98 during midday trading on Thursday, hitting $162.60. The company had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. The company’s 50-day simple moving average is $172.65 and its 200-day simple moving average is $170.19. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market capitalization of $223.54 billion, a P/E ratio of 24.45, a P/E/G ratio of 2.69 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its 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. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.50 earnings per share. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.33%. PepsiCo’s payout ratio is 81.50%.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, 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 SEC, which is available at the SEC website. 0.14% of the stock is currently owned by corporate insiders.

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.