Naviter Wealth LLC Boosts Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Naviter Wealth LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 8.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,638 shares of the company’s stock after buying an additional 1,044 shares during the quarter. Naviter Wealth LLC’s holdings in PepsiCo were worth $2,330,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA grew its holdings in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the period. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC purchased a new position in PepsiCo during the fourth quarter worth $36,000. Criterion Capital Advisors LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at $39,000. Finally, Avion Wealth raised its stake in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2 %

Shares of NASDAQ PEP traded up $0.40 during midday trading on Monday, hitting $175.98. The stock had a trading volume of 1,597,163 shares, compared to its average volume of 5,802,212. The company has a quick ratio of 0.68, a current ratio of 0.86 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 $196.88. The company has a market capitalization of $241.93 billion, a price-to-earnings ratio of 26.46, a PEG ratio of 2.86 and a beta of 0.53. The company has a fifty day moving average price of $169.40 and a 200 day moving average price of $167.92.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating 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 analysts’ expectations of $18.08 billion. During the same period in the previous year, the company posted $1.50 earnings per share. PepsiCo’s revenue was up 2.3% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio is currently 76.09%.

Analyst Ratings Changes

A number of equities research analysts have recently commented on PEP shares. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Jefferies Financial Group lifted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Finally, JPMorgan Chase & Co. increased their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.