LifeSteps Financial Inc. Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

LifeSteps Financial Inc. increased its holdings in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 18.7% in the 1st quarter, HoldingsChannel reports. The fund owned 2,409 shares of the company’s stock after purchasing an additional 379 shares during the quarter. LifeSteps Financial Inc.’s holdings in PepsiCo were worth $403,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. West Oak Capital LLC lifted its stake in PepsiCo by 0.4% during 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 stake in PepsiCo by 4.1% during the fourth quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after purchasing an additional 60 shares in the last quarter. Colton Groome Financial Advisors LLC lifted its stake in PepsiCo by 1.4% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after purchasing an additional 60 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its stake in PepsiCo by 3.5% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock worth $305,000 after purchasing an additional 60 shares in the last quarter. Finally, Donald L. Hagan LLC raised its stake 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 acquiring an additional 60 shares in the last quarter. Institutional investors own 72.12% of the company’s stock.

Shares of PEP stock opened at $162.03 on Thursday. The stock’s 50-day moving average is $166.98 and its two-hundred day moving average is $168.10. The firm has a market cap of $224.04 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a 1 year low of $144.61 and a 1 year high of $177.62. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87.

PepsiCo (NASDAQ:PEPGet Rating) last issued its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.21 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 6.64 EPS for the current year.

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

PEP has been the topic of several analyst reports. Citigroup increased their price objective on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. Credit Suisse Group increased their price objective on PepsiCo from $163.00 to $168.00 in a research note on Wednesday, April 27th. UBS Group reduced their price objective on PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a research note on Tuesday. Guggenheim increased their price objective on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a report on Tuesday. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $177.13.

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

About PepsiCo (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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