VCI Wealth Management LLC Makes New $1.02 Million Investment in PepsiCo, Inc. (NASDAQ:PEP)

VCI Wealth Management LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 6,000 shares of the company’s stock, valued at approximately $1,019,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Stevens Capital Management LP increased its holdings in shares of PepsiCo by 103.8% in the fourth quarter. Stevens Capital Management LP now owns 21,945 shares of the company’s stock valued at $3,727,000 after purchasing an additional 11,178 shares in the last quarter. Syon Capital LLC increased its holdings in shares of PepsiCo by 31.0% in the fourth quarter. Syon Capital LLC now owns 14,840 shares of the company’s stock valued at $2,520,000 after purchasing an additional 3,511 shares in the last quarter. Meritage Portfolio Management increased its holdings in shares of PepsiCo by 4.4% in the fourth quarter. Meritage Portfolio Management now owns 7,206 shares of the company’s stock valued at $1,224,000 after purchasing an additional 307 shares in the last quarter. Roffman Miller Associates Inc. PA increased its holdings in shares of PepsiCo by 0.3% in the fourth quarter. Roffman Miller Associates Inc. PA now owns 229,688 shares of the company’s stock valued at $39,010,000 after purchasing an additional 652 shares in the last quarter. Finally, Lyell Wealth Management LP boosted its stake in PepsiCo by 6.8% in the fourth quarter. Lyell Wealth Management LP now owns 29,903 shares of the company’s stock valued at $5,079,000 after acquiring an additional 1,905 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.4 %

PEP traded down $0.73 during midday trading on Thursday, hitting $176.68. 7,436,495 shares of the company were exchanged, compared to its average volume of 5,872,530. The firm has a market capitalization of $242.85 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.69 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The firm’s 50 day moving average price is $169.04 and its 200-day moving average price is $167.70. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm’s revenue was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. As a group, equities analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on the stock. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday. Wedbush reissued an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Barclays lifted their price target on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

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.