Alpha Omega Wealth Management LLC Has $3.09 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Alpha Omega Wealth Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 18,208 shares of the company’s stock after buying an additional 81 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in PepsiCo were worth $3,092,000 at the end of the most recent reporting period.

Other institutional investors have also recently bought and sold shares of the company. DHJJ Financial Advisors Ltd. acquired a new position in shares of PepsiCo in the third quarter valued at approximately $25,000. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Avion Wealth boosted its stake in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. Finally, Financial Connections Group Inc. bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $44,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Up 0.9 %

NASDAQ PEP traded up $1.54 during trading hours on Wednesday, hitting $169.04. The company’s stock had a trading volume of 1,669,797 shares, compared to its average volume of 5,692,092. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The company has a market capitalization of $232.35 billion, a PE ratio of 25.49, a price-to-earnings-growth ratio of 2.62 and a beta of 0.53. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The company’s 50-day simple moving average is $168.62 and its two-hundred day simple moving average is $167.37.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. During the same quarter last year, the firm earned $1.67 EPS. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.99%. PepsiCo’s dividend payout ratio is currently 77.02%.

Wall Street Analyst Weigh In

Several equities research analysts have weighed in on PEP shares. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. JPMorgan Chase & Co. cut PepsiCo from an “overweight” rating to a “neutral” rating and dropped their price target for the company from $185.00 to $176.00 in a research note on Tuesday, December 19th. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Jefferies Financial Group increased their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average target price of $186.92.

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.