3,762 Shares in PepsiCo, Inc. $PEP Acquired by Vantus Wealth LLC

Vantus Wealth LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 3,762 shares of the company’s stock, valued at approximately $540,000.

A number of other institutional investors and hedge funds have also recently modified their holdings of the business. Captrust Financial Advisors raised its position in shares of PepsiCo by 3.6% in the 3rd quarter. Captrust Financial Advisors now owns 554,798 shares of the company’s stock worth $77,916,000 after acquiring an additional 19,218 shares in the last quarter. Swiss Life Asset Management Ltd grew its stake in PepsiCo by 11.4% during the 4th quarter. Swiss Life Asset Management Ltd now owns 415,271 shares of the company’s stock worth $59,600,000 after buying an additional 42,335 shares during the last quarter. Murphy Middleton Hinkle & Parker Inc. grew its stake in PepsiCo by 622.3% during the 4th quarter. Murphy Middleton Hinkle & Parker Inc. now owns 35,603 shares of the company’s stock worth $5,110,000 after buying an additional 30,674 shares during the last quarter. Allstate Corp grew its stake in PepsiCo by 108.1% during the 4th quarter. Allstate Corp now owns 104,723 shares of the company’s stock worth $15,030,000 after buying an additional 54,405 shares during the last quarter. Finally, NEOS Investment Management LLC grew its stake in PepsiCo by 65.8% during the 3rd quarter. NEOS Investment Management LLC now owns 577,111 shares of the company’s stock worth $81,049,000 after buying an additional 229,121 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages recently weighed in on PEP. BNP Paribas Exane boosted their target price on PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research note on Friday, April 17th. Piper Sandler boosted their target price on PepsiCo from $172.00 to $181.00 and gave the stock an “overweight” rating in a research note on Thursday, March 12th. Rothschild & Co Redburn boosted their target price on PepsiCo from $130.00 to $132.00 in a research note on Monday, May 11th. Argus upgraded PepsiCo to a “hold” rating in a research note on Tuesday, February 17th. Finally, Deutsche Bank Aktiengesellschaft boosted their price target on PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a research note on Friday, April 17th. Eight analysts have rated the stock with a Buy rating, ten have given a Hold rating and one has issued a Sell rating to the company’s stock. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $170.11.

PepsiCo Stock Down 1.9%

Shares of PEP opened at $141.52 on Tuesday. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company has a market capitalization of $193.43 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 2.61 and a beta of 0.38. The stock’s 50-day moving average price is $152.90 and its 200-day moving average price is $152.64.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The firm had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The company’s revenue was up 8.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.48 earnings per share. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo declared that its Board of Directors has approved a share repurchase plan on Tuesday, February 3rd that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the company to buy up to 4.7% of its shares through open market purchases. Shares buyback plans are usually a sign that the company’s board of directors believes its shares are undervalued.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be issued a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.2%. PepsiCo’s payout ratio is currently 92.94%.

PepsiCo 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.