Wealth Dimensions Group Ltd. Purchases 201 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wealth Dimensions Group Ltd. grew its position in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 7.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,004 shares of the company’s stock after purchasing an additional 201 shares during the quarter. Wealth Dimensions Group Ltd.’s holdings in PepsiCo were worth $543,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds have also modified their holdings of the company. Vanguard Group Inc. boosted its position in shares of PepsiCo by 1.3% during the third quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock worth $21,034,819,000 after acquiring an additional 1,611,639 shares during the last quarter. State Street Corp boosted its position in shares of PepsiCo by 0.7% during the third quarter. State Street Corp now owns 59,634,823 shares of the company’s stock worth $9,735,981,000 after acquiring an additional 423,426 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 10.3% during the first quarter. Charles Schwab Investment Management Inc. now owns 15,264,902 shares of the company’s stock worth $2,555,040,000 after acquiring an additional 1,427,405 shares during the last quarter. Nuveen Asset Management LLC boosted its position in shares of PepsiCo by 8.1% during the third quarter. Nuveen Asset Management LLC now owns 10,848,950 shares of the company’s stock worth $1,771,200,000 after acquiring an additional 816,417 shares during the last quarter. Finally, California Public Employees Retirement System boosted its position in shares of PepsiCo by 1.2% during the fourth quarter. California Public Employees Retirement System now owns 9,061,606 shares of the company’s stock worth $1,637,070,000 after acquiring an additional 104,039 shares during the last quarter. 70.76% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on PEP shares. Credit Suisse Group upped their target price on shares of PepsiCo from $175.00 to $182.00 and gave the stock a “neutral” rating in a research report on Friday, February 10th. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $190.00 to $196.00 and gave the stock an “overweight” rating in a report on Monday, April 17th. UBS Group increased their target price on shares of PepsiCo from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. Morgan Stanley increased their target price on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. Finally, Barclays raised their price target on shares of PepsiCo from $201.00 to $206.00 in a report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.25.

Insiders Place Their Bets

In other news, Director Robert C. Pohlad sold 75,000 shares of the firm’s stock in a transaction on Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the transaction, the director now owns 183,929 shares in the company, valued at $31,722,234.63. The sale was disclosed in a document filed with the SEC, which is available at this link. In other PepsiCo news, CEO Ramkumar Krishnan sold 16,827 shares of the firm’s stock in a transaction dated Tuesday, March 7th. The stock was sold at an average price of $172.70, for a total value of $2,906,022.90. Following the sale, the chief executive officer now directly owns 49,000 shares of the company’s stock, valued at approximately $8,462,300. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Robert C. Pohlad sold 75,000 shares of the firm’s stock in a transaction dated Thursday, March 9th. The stock was sold at an average price of $172.47, for a total value of $12,935,250.00. Following the completion of the sale, the director now directly owns 183,929 shares in the company, valued at $31,722,234.63. The disclosure for this sale can be found here. 0.15% of the stock is currently owned by company insiders.

PepsiCo Stock Down 0.2 %

Shares of PEP stock traded down $0.31 during trading hours on Friday, reaching $183.49. 1,377,736 shares of the stock were exchanged, compared to its average volume of 4,393,395. The business’s fifty day moving average is $187.60 and its two-hundred day moving average is $179.52. The company has a debt-to-equity ratio of 2.18, a current ratio of 0.87 and a quick ratio of 0.65. The firm has a market capitalization of $252.79 billion, a P/E ratio of 38.71, a P/E/G ratio of 3.23 and a beta of 0.53. PepsiCo, Inc. has a 12-month low of $154.86 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP – Get Rating) last announced its quarterly earnings results on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.13. The firm had revenue of $17.85 billion during the quarter, compared to the consensus estimate of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The firm’s quarterly revenue was up 10.2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.29 earnings per share. As a group, research analysts expect that PepsiCo, Inc. will post 7.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a $1.265 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.15. The ex-dividend date is Thursday, June 1st. This represents a $5.06 annualized dividend and a yield of 2.76%. PepsiCo’s dividend payout ratio is presently 96.84%.

About PepsiCo

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PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of beverages, food, and snacks. It operates through the following business segments: Frito-Lay North America (FLNA), Quaker Foods North America (QFNA), PepsiCo Beverages North America (PBNA), Latin America (LatAm), Europe, Africa, Middle East, and South Asia (AMESA), and Asia Pacific, Australia and New Zealand, and China Region (APAC).