Executive Wealth Management LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Executive Wealth Management LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 1.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 48,901 shares of the company’s stock after acquiring an additional 477 shares during the period. Executive Wealth Management LLC’s holdings in PepsiCo were worth $8,185,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the business. West Oak Capital LLC grew its stake in shares of PepsiCo by 0.4% in the fourth quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock worth $2,500,000 after purchasing an additional 60 shares in the last quarter. Lenox Wealth Advisors LLC lifted its position in shares of PepsiCo by 4.1% in the 4th quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after acquiring an additional 60 shares during the period. Colton Groome Financial Advisors LLC lifted its position in shares of PepsiCo by 1.4% during the 4th quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after buying an additional 60 shares during the period. Sugarloaf Wealth Management LLC increased its stake in shares of PepsiCo by 3.5% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock valued at $305,000 after buying an additional 60 shares during the period. Finally, Donald L. Hagan LLC lifted its holdings in shares of PepsiCo by 1.2% in the fourth quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock valued at $889,000 after purchasing an additional 60 shares in the last quarter. 72.12% of the stock is currently owned by hedge funds and other institutional investors.

Several equities research analysts have weighed in on the company. UBS Group cut their target price on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com initiated coverage on shares of PepsiCo in a research report on Thursday, March 31st. They issued a “buy” rating on the stock. Citigroup lifted their price target on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $173.00 to $175.00 in a research note on Wednesday, April 27th. Finally, Wells Fargo & Company reduced their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research report on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

In related news, CEO Eugene Willemsen sold 4,560 shares of the company’s stock in a transaction dated Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the sale, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, EVP David Flavell sold 5,150 shares of the stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the sale, the executive vice president now directly owns 28,275 shares of the company’s stock, valued at $4,951,235.25. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

NASDAQ PEP opened at $162.03 on Thursday. The company’s 50 day simple moving average is $166.98 and its two-hundred day simple moving average is $168.10. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.87 and a quick ratio of 0.68. The stock has a market capitalization of $224.04 billion, a PE ratio of 22.17, a P/E/G ratio of 3.19 and a beta of 0.59. PepsiCo, Inc. has a 1 year low of $144.61 and a 1 year high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last released its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The firm had revenue of $16.20 billion during the quarter, compared to analysts’ expectations of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm’s quarterly revenue was up 9.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.21 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 6.64 EPS for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Shareholders of record on Friday, June 3rd will be issued a $1.15 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 annualized dividend and a yield of 2.84%. The ex-dividend date is Thursday, June 2nd. PepsiCo’s payout ratio is currently 62.93%.

PepsiCo Company Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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