PepsiCo, Inc. (NASDAQ:PEP) Position Lifted by Legacy Capital Wealth Partners LLC

Legacy Capital Wealth Partners LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.4% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 1,419 shares of the company’s stock after purchasing an additional 122 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in PepsiCo were worth $241,000 as of its most recent filing with the SEC.

Other large investors have also modified their holdings of the company. LFA Lugano Financial Advisors SA lifted 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 purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the 4th quarter worth $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter worth $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at about $39,000. Finally, Avion Wealth lifted its holdings in PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares during the period. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, Jefferies Financial Group raised their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

PepsiCo Trading Up 0.3 %

Shares of NASDAQ PEP opened at $176.14 on Tuesday. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The business has a 50-day moving average price of $169.60 and a two-hundred day moving average price of $168.05. The firm has a market capitalization of $242.16 billion, a PE ratio of 26.49, a PEG ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 analyst estimates of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 EPS. The company’s revenue for the quarter was up 2.3% compared to the same quarter last year. As a group, analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

About PepsiCo

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.