United Asset Strategies Inc. Has $4.48 Million Stake in PepsiCo, Inc. $PEP

United Asset Strategies Inc. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 22.9% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 28,856 shares of the company’s stock after purchasing an additional 5,373 shares during the period. United Asset Strategies Inc.’s holdings in PepsiCo were worth $4,481,000 at the end of the most recent quarter.

Other large investors have also added to or reduced their stakes in the company. Swedbank AB increased its holdings in PepsiCo by 8.5% in the 1st quarter. Swedbank AB now owns 882,810 shares of the company’s stock valued at $137,092,000 after buying an additional 69,064 shares during the period. Cohen Investment Advisors LLC raised its position in PepsiCo by 1.9% during the first quarter. Cohen Investment Advisors LLC now owns 3,770 shares of the company’s stock valued at $585,000 after purchasing an additional 71 shares in the last quarter. Integrated Advisors Network LLC lifted its stake in PepsiCo by 5.9% during the first quarter. Integrated Advisors Network LLC now owns 34,815 shares of the company’s stock worth $5,406,000 after purchasing an additional 1,948 shares during the last quarter. Strata Wealth Advisors LLC increased its stake in shares of PepsiCo by 7.5% in the 1st quarter. Strata Wealth Advisors LLC now owns 2,680 shares of the company’s stock valued at $416,000 after purchasing an additional 188 shares during the last quarter. Finally, Kiley Juergens Wealth Management LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $730,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP traded up $3.79 during midday trading on Tuesday, hitting $147.08. The stock had a trading volume of 3,064,861 shares, compared to its average volume of 7,820,478. The company has a market cap of $201.02 billion, a P/E ratio of 23.05, a price-to-earnings-growth ratio of 2.91 and a beta of 0.36. PepsiCo, Inc. has a 1 year low of $132.96 and a 1 year high of $171.48. The business has a fifty day moving average of $146.59 and a 200 day moving average of $151.71. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s revenue was up 8.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.48 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.62 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Investors of record on Friday, June 5th were issued a dividend of $1.48 per share. The ex-dividend date was Friday, June 5th. This represents a $5.92 annualized dividend and a yield of 4.0%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors are buying ahead of PepsiCo’s July 9 Q2 earnings release, with hopes the company will show that its pricing reset and product simplification plan is improving sales volumes. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
• Positive Sentiment: Analysts and market commentators are flagging PEP as a potential value opportunity, with Jim Cramer citing market rotation as creating buying chances in quality defensive stocks like PepsiCo. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
• Positive Sentiment: PepsiCo is also benefiting from product and brand activity, including new “dirty soda” inspired offerings and other marketing initiatives that could support growth. PepsiCo embraces dirty soda trend with Dirty Mountain Dew and Mug Root Beer Floats
• Neutral Sentiment: Several recent headlines are centered on earnings-week positioning and expected stock volatility, reinforcing that upcoming results are the main near-term catalyst for PEP. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
• Negative Sentiment: Some recent coverage highlights lingering concern that PepsiCo’s turnaround may be losing momentum, and Barclays recently cut its price target, pointing to pressure from slower North American demand. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

Analyst Upgrades and Downgrades

Several brokerages have commented on PEP. Sanford C. Bernstein set a $142.00 target price on PepsiCo and gave the stock a “market perform” rating in a research note on Wednesday, July 1st. Bank of America dropped their price objective on shares of PepsiCo from $173.00 to $164.00 and set a “neutral” rating for the company in a research note on Thursday, June 25th. Deutsche Bank Aktiengesellschaft dropped their price target on PepsiCo from $173.00 to $168.00 and set a “buy” rating for the company in a research note on Thursday, June 18th. Royal Bank Of Canada dropped their target price on PepsiCo from $165.00 to $163.00 and set a “sector perform” rating for the company in a research report on Thursday, April 9th. Finally, HSBC raised their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $165.00.

About PepsiCo

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.