PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 1st quarter, Holdings Channel.com reports. The fund owned 27,763 shares of the company’s stock after buying an additional 327 shares during the period. PepsiCo makes up approximately 2.0% of RBA Wealth Management LLC’s portfolio, making the stock its 22nd biggest position. RBA Wealth Management LLC’s holdings in PepsiCo were worth $4,859,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Accel Wealth Management increased its stake in shares of PepsiCo by 17.6% during the first quarter. Accel Wealth Management now owns 13,500 shares of the company’s stock valued at $2,363,000 after acquiring an additional 2,019 shares during the period. Legacy Wealth Asset Management LLC boosted its holdings in PepsiCo by 1.6% during the first quarter. Legacy Wealth Asset Management LLC now owns 4,088 shares of the company’s stock worth $715,000 after buying an additional 65 shares in the last quarter. First Trust Direct Indexing L.P. boosted its holdings in PepsiCo by 3.3% during the first quarter. First Trust Direct Indexing L.P. now owns 43,340 shares of the company’s stock worth $7,585,000 after buying an additional 1,381 shares in the last quarter. Cornerstone Wealth Management LLC boosted its holdings in PepsiCo by 3.0% during the first quarter. Cornerstone Wealth Management LLC now owns 12,228 shares of the company’s stock worth $2,140,000 after buying an additional 353 shares in the last quarter. Finally, Kovack Advisors Inc. boosted its holdings in PepsiCo by 8.2% during the first quarter. Kovack Advisors Inc. now owns 13,266 shares of the company’s stock worth $2,322,000 after buying an additional 1,005 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP traded down $0.98 during mid-day trading on Thursday, reaching $162.60. 2,879,575 shares of the company’s stock were exchanged, compared to its average volume of 5,397,682. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The firm has a market capitalization of $223.54 billion, a PE ratio of 24.45, a price-to-earnings-growth ratio of 2.69 and a beta of 0.52. The business’s fifty day simple moving average is $172.65 and its two-hundred 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.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates 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 for the quarter, compared to the consensus estimate of $18.08 billion. During the same period in the prior year, the company posted $1.50 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo 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 sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 0.14% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. Jefferies Financial Group raised their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Barclays decreased their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Wedbush reissued an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research note on Wednesday, June 26th. Finally, Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Seven equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $186.64.

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.