PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Philip James Wealth Mangement LLC

Philip James Wealth Mangement LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 223.6% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 26,525 shares of the company’s stock after purchasing an additional 18,327 shares during the period. Philip James Wealth Mangement LLC’s holdings in PepsiCo were worth $3,977,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also bought and sold shares of the stock. WealthTrak Capital Management LLC purchased a new position in shares of PepsiCo in the fourth quarter worth about $28,000. Prudent Man Investment Management Inc. acquired a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new stake in shares of PepsiCo in the 4th quarter valued at $31,000. Summit Securities Group LLC purchased a new position in shares of PepsiCo during the fourth quarter worth $33,000. Finally, GKV Capital Management Co. Inc. purchased a new position in shares of PepsiCo during the 4th quarter valued at about $38,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $128.22 on Friday. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock has a market capitalization of $175.80 billion, a P/E ratio of 18.86, a P/E/G ratio of 3.68 and a beta of 0.45. The firm’s 50-day moving average is $132.07 and its two-hundred day moving average is $143.22. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. PepsiCo’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter last year, the business earned $1.61 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.44%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Royal Bank Of Canada restated a “sector perform” rating and issued a $148.00 price target on shares of PepsiCo in a research note on Tuesday. JPMorgan Chase & Co. increased their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and reduced their target price for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $159.75.

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.