PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Johnson & White Wealth Management LLC

Johnson & White Wealth Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,730 shares of the company’s stock after purchasing an additional 364 shares during the period. Johnson & White Wealth Management LLC’s holdings in PepsiCo were worth $859,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Portside Wealth Group LLC boosted its stake in shares of PepsiCo by 12.6% during the 1st quarter. Portside Wealth Group LLC now owns 10,565 shares of the company’s stock worth $1,607,000 after acquiring an additional 1,184 shares in the last quarter. Teamwork Financial Advisors LLC purchased a new stake in shares of PepsiCo during the 1st quarter worth approximately $1,429,000. Sendero Wealth Management LLC boosted its stake in shares of PepsiCo by 4.2% during the 1st quarter. Sendero Wealth Management LLC now owns 20,850 shares of the company’s stock worth $3,126,000 after acquiring an additional 833 shares in the last quarter. Financial Advisory Partners LLC boosted its stake in shares of PepsiCo by 0.4% during the 1st quarter. Financial Advisory Partners LLC now owns 18,423 shares of the company’s stock worth $2,762,000 after acquiring an additional 82 shares in the last quarter. Finally, Freedom Financial Partners LLC boosted its stake in shares of PepsiCo by 17.2% during the 1st quarter. Freedom Financial Partners LLC now owns 4,954 shares of the company’s stock worth $743,000 after acquiring an additional 726 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.1%

Shares of PEP opened at $131.74 on Thursday. The stock has a fifty day moving average of $136.92 and a two-hundred day moving average of $146.62. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $180.63 billion, a PE ratio of 18.96, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a dividend yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on PEP shares. Bank of America decreased their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the stock from $171.00 to $170.00 in a research note on Wednesday, March 12th. Barclays decreased their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. UBS Group reduced their target price on PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday, February 6th. One equities 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. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $160.69.

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.