Legacy Financial Strategies LLC boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.2% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 6,624 shares of the company’s stock after buying an additional 205 shares during the quarter. PepsiCo accounts for approximately 0.7% of Legacy Financial Strategies LLC’s investment portfolio, making the stock its 14th largest position. Legacy Financial Strategies LLC’s holdings in PepsiCo were worth $732,000 at the end of the most recent reporting period.
A number of other hedge funds and other institutional investors have also recently bought and sold shares of PEP. Stockman Wealth Management Inc. lifted its position in shares of PepsiCo by 0.5% during the fourth quarter. Stockman Wealth Management Inc. now owns 18,804 shares of the company’s stock worth $2,077,000 after purchasing an additional 100 shares during the last quarter. Signet Financial Management LLC raised its holdings in shares of PepsiCo by 3.7% in the fourth quarter. Signet Financial Management LLC now owns 2,827 shares of the company’s stock valued at $312,000 after acquiring an additional 100 shares in the last quarter. First Commonwealth Financial Corp PA raised its holdings in shares of PepsiCo by 2.4% in the fourth quarter. First Commonwealth Financial Corp PA now owns 4,201 shares of the company’s stock valued at $464,000 after acquiring an additional 100 shares in the last quarter. Telos Capital Management Inc. raised its holdings in shares of PepsiCo by 0.3% in the fourth quarter. Telos Capital Management Inc. now owns 34,032 shares of the company’s stock valued at $3,760,000 after acquiring an additional 101 shares in the last quarter. Finally, Whitnell & Co. raised its holdings in shares of PepsiCo by 0.4% in the fourth quarter. Whitnell & Co. now owns 26,335 shares of the company’s stock valued at $2,909,000 after acquiring an additional 103 shares in the last quarter. 70.91% of the stock is owned by institutional investors.
In other news, SVP Marie T. Gallagher sold 7,800 shares of the business’s stock in a transaction dated Monday, April 22nd. The stock was sold at an average price of $125.99, for a total transaction of $982,722.00. Following the sale, the senior vice president now owns 55,665 shares in the company, valued at $7,013,233.35. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Ramon Laguarta sold 15,431 shares of the business’s stock in a transaction dated Thursday, May 16th. The stock was sold at an average price of $129.43, for a total value of $1,997,234.33. Following the sale, the chairman now owns 232,394 shares in the company, valued at approximately $30,078,755.42. The disclosure for this sale can be found here. Insiders sold 48,494 shares of company stock worth $6,173,705 in the last quarter. 0.28% of the stock is owned by insiders.
Several analysts recently weighed in on the company. BidaskClub upgraded PepsiCo from a “buy” rating to a “strong-buy” rating in a report on Friday, June 7th. Wells Fargo & Co lifted their price objective on PepsiCo from $120.00 to $127.00 and gave the company a “positive” rating in a report on Tuesday, May 14th. ValuEngine upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, May 1st. Royal Bank of Canada set a $115.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, Goldman Sachs Group set a $132.00 price objective on PepsiCo and gave the company a “neutral” rating in a report on Wednesday, April 24th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, twelve have issued a buy rating and one has given a strong buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $124.65.
PEP opened at $132.94 on Friday. PepsiCo, Inc. has a 1 year low of $104.43 and a 1 year high of $134.71. The company has a debt-to-equity ratio of 1.99, a quick ratio of 0.75 and a current ratio of 0.94. The stock has a market capitalization of $186.64 billion, a price-to-earnings ratio of 23.49, a P/E/G ratio of 3.46 and a beta of 0.62.
PepsiCo (NASDAQ:PEP) last posted its earnings results on Wednesday, April 17th. The company reported $0.97 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.92 by $0.05. PepsiCo had a return on equity of 65.12% and a net margin of 19.37%. The company had revenue of $12.88 billion for the quarter, compared to analyst estimates of $12.68 billion. During the same quarter in the previous year, the firm earned $0.96 earnings per share. The firm’s quarterly revenue was up 2.6% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $0.955 dividend. This represents a $3.82 annualized dividend and a yield of 2.87%. The ex-dividend date of this dividend is Thursday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $0.93. PepsiCo’s payout ratio is 67.49%.
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PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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