Moss Adams Wealth Advisors LLC Purchases 435 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Moss Adams Wealth Advisors LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.6% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,658 shares of the company’s stock after acquiring an additional 435 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in PepsiCo were worth $399,000 as of its most recent SEC filing.

Other large investors have also made changes to their positions in the company. NewSquare Capital LLC lifted its holdings in shares of PepsiCo by 0.3% in the first quarter. NewSquare Capital LLC now owns 38,689 shares of the company’s stock worth $5,722,000 after buying an additional 115 shares in the last quarter. Toth Financial Advisory Corp lifted its stake in PepsiCo by 1.7% in the 1st quarter. Toth Financial Advisory Corp now owns 58,794 shares of the company’s stock worth $8,816,000 after purchasing an additional 1,002 shares in the last quarter. Courier Capital LLC boosted its holdings in shares of PepsiCo by 1.4% during the 1st quarter. Courier Capital LLC now owns 50,764 shares of the company’s stock valued at $7,611,000 after purchasing an additional 684 shares during the last quarter. Wesbanco Bank Inc. grew its position in shares of PepsiCo by 2.4% during the first quarter. Wesbanco Bank Inc. now owns 161,493 shares of the company’s stock valued at $24,214,000 after purchasing an additional 3,793 shares in the last quarter. Finally, First Citizens Bank & Trust Co. increased its holdings in shares of PepsiCo by 4.0% in the first quarter. First Citizens Bank & Trust Co. now owns 81,108 shares of the company’s stock worth $12,161,000 after purchasing an additional 3,109 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. Royal Bank of Canada restated a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 target price on shares of PepsiCo in a report on Thursday, April 24th. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. Citigroup lowered their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

PepsiCo stock opened at $129.96 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $178.19 billion, a P/E ratio of 18.70, a price-to-earnings-growth ratio of 3.09 and a beta of 0.45. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company’s 50-day moving average is $135.76 and its 200 day moving average is $145.84.

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). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the previous year, the company posted $1.61 earnings per share. The company’s quarterly revenue was down 1.8% compared to the same quarter last year. Research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.38%. PepsiCo’s dividend payout ratio is presently 83.68%.

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.