Oxler Private Wealth LLC Has $2.45 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Oxler Private Wealth LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.8% in the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,833 shares of the company’s stock after purchasing an additional 117 shares during the quarter. PepsiCo comprises 0.9% of Oxler Private Wealth LLC’s holdings, making the stock its 28th largest holding. Oxler Private Wealth LLC’s holdings in PepsiCo were worth $2,446,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in PEP. Valued Wealth Advisors LLC raised its position in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after buying an additional 69 shares during the last quarter. POM Investment Strategies LLC lifted its holdings in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC bought a new position in PepsiCo in the 2nd quarter worth approximately $30,000. Fortis Group Advisors LLC grew its holdings in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter worth approximately $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently issued reports on PEP. Wells Fargo & Company cut their target price on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research report on Wednesday, July 10th. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday. JPMorgan Chase & Co. reduced their price target on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating on the stock in a research report on Friday, July 12th. DZ Bank cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a report on Friday, July 19th. Finally, Barclays lifted their price objective on PepsiCo from $179.00 to $187.00 and gave the company an “overweight” rating in a research note on Friday, July 19th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $185.53.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $0.79 during midday trading on Friday, reaching $172.88. The company’s stock had a trading volume of 8,677,295 shares, compared to its average volume of 5,453,207. The stock has a fifty day moving average of $169.92 and a 200 day moving average of $170.80. The firm has a market capitalization of $237.67 billion, a PE ratio of 25.09, a P/E/G ratio of 2.98 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. During the same period in the previous year, the business earned $2.09 earnings per share. The business’s revenue was up .8% compared to the same quarter last year. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is presently 78.66%.

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.