Peterson Wealth Management Has $1.37 Million Holdings in PepsiCo, Inc. $PEP

Peterson Wealth Management lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 26.0% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,560 shares of the company’s stock after selling 3,354 shares during the quarter. PepsiCo accounts for about 1.0% of Peterson Wealth Management’s investment portfolio, making the stock its 21st biggest holding. Peterson Wealth Management’s holdings in PepsiCo were worth $1,372,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the stock. Shoker Investment Counsel Inc. boosted its holdings in shares of PepsiCo by 0.5% in the fourth quarter. Shoker Investment Counsel Inc. now owns 22,794 shares of the company’s stock valued at $3,272,000 after buying an additional 111 shares during the period. Drive Wealth Management LLC lifted its position in shares of PepsiCo by 98.5% in the fourth quarter. Drive Wealth Management LLC now owns 3,904 shares of the company’s stock worth $566,000 after purchasing an additional 1,937 shares in the last quarter. ABN AMRO Bank N.V. lifted its position in shares of PepsiCo by 27.0% in the fourth quarter. ABN AMRO Bank N.V. now owns 13,886 shares of the company’s stock worth $1,987,000 after purchasing an additional 2,954 shares in the last quarter. Osprey Private Wealth LLC lifted its position in shares of PepsiCo by 32.4% in the fourth quarter. Osprey Private Wealth LLC now owns 38,855 shares of the company’s stock worth $5,576,000 after purchasing an additional 9,505 shares in the last quarter. Finally, Income Insurance Ltd bought a new stake in shares of PepsiCo in the fourth quarter worth $590,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of brokerages have recently commented on PEP. Wells Fargo & Company boosted their price objective on shares of PepsiCo from $154.00 to $165.00 and gave the stock an “equal weight” rating in a research report on Wednesday, February 4th. Evercore boosted their price objective on shares of PepsiCo from $165.00 to $170.00 in a research report on Friday, April 17th. JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $172.00 to $178.00 and gave the stock an “overweight” rating in a research report on Friday, April 17th. Wall Street Zen lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Finally, TD Cowen boosted their price objective on shares of PepsiCo from $162.00 to $165.00 and gave the stock a “hold” rating in a research report on Friday, February 20th. Eight equities research analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $170.26.

Key Headlines Impacting PepsiCo

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a new partnership in the UAE’s Future Industries Lab to support SMEs and young Emiratis, reinforcing its innovation and local investment strategy. MoIAT expands Future Industries Lab with new PepsiCo partnership supporting SMEs and young Emiratis
• Positive Sentiment: PepsiCo and TalusAg Renewables announced a low-carbon ammonia agreement, an ESG-oriented move that could improve supply-chain sustainability and appeal to investors focused on emissions reduction. PepsiCo and TalusAg Renewables announce low-carbon ammonia attribute agreement to help accelerate fertilizer decarbonization
• Positive Sentiment: Multiple articles highlighted PepsiCo’s continued investment in China and its focus on international growth, product innovation, and cost discipline, which supports the long-term bull case. PepsiCo to ‘continue investing’ in Chinese market

PepsiCo Stock Performance

NASDAQ PEP opened at $154.62 on Monday. The firm has a market capitalization of $211.33 billion, a P/E ratio of 24.27, a price-to-earnings-growth ratio of 2.83 and a beta of 0.38. The firm’s fifty day moving average price is $157.25 and its two-hundred day moving average price is $152.50. PepsiCo, Inc. has a 1 year low of $127.60 and a 1 year high of $171.48. The company has a current ratio of 0.90, a quick ratio of 0.72 and a debt-to-equity ratio of 1.98.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The company’s revenue was up 8.5% on a year-over-year basis. During the same period in the prior year, the firm earned $1.48 earnings per share. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 annualized dividend and a dividend yield of 3.8%. PepsiCo’s payout ratio is currently 89.32%.

PepsiCo declared that its Board of Directors has authorized a stock buyback plan on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the company to purchase up to 4.7% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

PepsiCo Company Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.