Vantage Wealth Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Vantage Wealth raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 13.7% during the first quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 120,733 shares of the company’s stock after purchasing an additional 14,505 shares during the quarter. PepsiCo accounts for about 4.1% of Vantage Wealth’s holdings, making the stock its 14th biggest position. Vantage Wealth’s holdings in PepsiCo were worth $18,103,000 at the end of the most recent quarter.

A number of other institutional investors also recently added to or reduced their stakes in PEP. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $224,000. Brighton Jones LLC grew its stake in shares of PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the period. Union Bancaire Privee UBP SA purchased a new stake in shares of PepsiCo during the 4th quarter valued at $9,268,000. U.S. Capital Wealth Advisors LLC grew its stake in shares of PepsiCo by 21.2% during the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 10,988 shares of the company’s stock valued at $1,671,000 after buying an additional 1,923 shares during the period. Finally, McAdam LLC boosted its position in PepsiCo by 12.3% during the 4th quarter. McAdam LLC now owns 2,314 shares of the company’s stock worth $352,000 after purchasing an additional 253 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Down 0.4%

PEP stock opened at $130.91 on Tuesday. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company has a market cap of $179.49 billion, a price-to-earnings ratio of 18.84, a PEG ratio of 3.09 and a beta of 0.47. The company has a 50 day moving average of $137.62 and a two-hundred day moving average of $146.83.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.61 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.35%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PEP shares. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Royal Bank of Canada reiterated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. HSBC dropped their price target on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research note on Tuesday, February 4th. Bank of America dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Finally, JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research note on Monday, April 21st. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo 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.