PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by McAdam LLC

McAdam LLC raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.4% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,638 shares of the company’s stock after acquiring an additional 84 shares during the period. McAdam LLC’s holdings in PepsiCo were worth $278,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently made changes to their positions in the company. Amplius Wealth Advisors LLC grew its holdings in shares of PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC increased its position in shares of PepsiCo by 2.7% in the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the last quarter. Capital Investment Counsel Inc grew its stake in PepsiCo by 1.6% in the 4th quarter. Capital Investment Counsel Inc now owns 4,116 shares of the company’s stock valued at $699,000 after acquiring an additional 64 shares during the last quarter. Finally, Beacon Financial Advisory LLC raised its position in PepsiCo by 3.1% during the third quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after acquiring an additional 65 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

Shares of PEP stock opened at $176.14 on Tuesday. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm’s 50 day moving average price is $169.60 and its two-hundred day moving average price is $168.05. The stock has a market cap of $242.16 billion, a price-to-earnings ratio of 26.49, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the previous year, the business posted $1.50 EPS. The business’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analysts Set New Price Targets

A number of equities analysts have recently weighed in on PEP shares. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Barclays lifted their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research report on Thursday, April 25th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.42.

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.