Signal Advisors Wealth LLC Acquires 5,179 Shares of PepsiCo, Inc. $PEP

Signal Advisors Wealth LLC lifted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 42.5% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 17,364 shares of the company’s stock after buying an additional 5,179 shares during the period. Signal Advisors Wealth LLC’s holdings in PepsiCo were worth $2,696,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Cypress Capital Management LLC WY increased its stake in PepsiCo by 8.3% during the fourth quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after acquiring an additional 64 shares during the last quarter. United Bank boosted its holdings in shares of PepsiCo by 3.9% in the 4th quarter. United Bank now owns 1,717 shares of the company’s stock worth $246,000 after purchasing an additional 65 shares during the period. Koa Wealth Management LLC boosted its holdings in shares of PepsiCo by 0.9% in the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after purchasing an additional 68 shares during the period. Pettinga Financial Advisors LLC increased its position in shares of PepsiCo by 3.8% during the 4th quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock valued at $270,000 after purchasing an additional 68 shares during the last quarter. Finally, Tiemann Investment Advisors LLC raised its holdings in PepsiCo by 4.0% during the 3rd quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock valued at $254,000 after buying an additional 70 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have commented on the stock. Wells Fargo & Company dropped their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating for the company in a research note on Friday, June 5th. Barclays increased their target price on shares of PepsiCo from $154.00 to $158.00 and gave the company an “equal weight” rating in a research note on Monday, April 20th. UBS Group dropped their price target on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating for the company in a research note on Tuesday, April 7th. JPMorgan Chase & Co. upped their price target on shares of PepsiCo from $172.00 to $178.00 and gave the company an “overweight” rating in a report on Friday, April 17th. Finally, Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research note on Wednesday, April 8th. Eight analysts have rated the stock with a Buy rating, eleven have assigned a Hold rating and one has given a Sell rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus target price of $167.10.

PepsiCo Trading Down 0.9%

NASDAQ PEP opened at $140.71 on Tuesday. The stock has a market cap of $192.32 billion, a PE ratio of 22.09, a PEG ratio of 2.83 and a beta of 0.35. PepsiCo, Inc. has a 12 month low of $127.60 and a 12 month high of $171.48. The company’s 50-day moving average price is $149.56 and its 200-day moving average price is $152.20. 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 announced its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share 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 analyst estimates of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same quarter last year, the business posted $1.48 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be paid a dividend of $1.48 per share. 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 4.2%. The ex-dividend date of this dividend is Friday, June 5th. PepsiCo’s payout ratio is presently 92.94%.

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.