PepsiCo, Inc. (NASDAQ:PEP) Shares Sold by U.S. Capital Wealth Advisors LLC

U.S. Capital Wealth Advisors LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,408 shares of the company’s stock after selling 265 shares during the period. U.S. Capital Wealth Advisors LLC’s holdings in PepsiCo were worth $2,107,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA increased its position in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth approximately $39,000. Finally, Avion Wealth boosted its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.4 %

Shares of PEP traded up $0.70 during trading hours on Friday, hitting $176.15. The stock had a trading volume of 3,492,120 shares, compared to its average volume of 5,328,097. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The firm has a market cap of $242.17 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.87 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company’s fifty day simple moving average is $170.14 and its 200 day simple moving average is $168.36.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period last year, the business posted $1.50 EPS. Equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 76.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on PEP shares. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Barclays upped their target price on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average 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.