Henrickson Nauta Wealth Advisors Inc. Acquires 243 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Henrickson Nauta Wealth Advisors Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 15.8% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 1,783 shares of the company’s stock after acquiring an additional 243 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in PepsiCo were worth $301,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also added to or reduced their stakes in the company. Operose Advisors LLC increased its position in PepsiCo by 132.1% during the 3rd quarter. Operose Advisors LLC now owns 1,462 shares of the company’s stock worth $248,000 after buying an additional 832 shares during the period. O Shaughnessy Asset Management LLC increased its position in PepsiCo by 1.5% during the 3rd quarter. O Shaughnessy Asset Management LLC now owns 213,492 shares of the company’s stock worth $36,174,000 after buying an additional 3,167 shares during the period. Mutual Advisors LLC increased its position in PepsiCo by 23.1% during the 3rd quarter. Mutual Advisors LLC now owns 25,839 shares of the company’s stock worth $4,378,000 after buying an additional 4,854 shares during the period. Mendel Money Management increased its position in PepsiCo by 1.5% during the 3rd quarter. Mendel Money Management now owns 30,452 shares of the company’s stock worth $5,160,000 after buying an additional 458 shares during the period. Finally, MQS Management LLC increased its position in PepsiCo by 49.3% during the 3rd quarter. MQS Management LLC now owns 7,144 shares of the company’s stock worth $1,210,000 after buying an additional 2,359 shares during the period. Institutional investors own 73.07% of the company’s stock.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 0.15% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on PEP. BNP Paribas began coverage on PepsiCo in a research report on Monday. They issued a “neutral” rating and a $174.00 price target on the stock. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. Jefferies Financial Group raised their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Seven equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $186.38.

PepsiCo Trading Down 0.4 %

Shares of PEP stock traded down $0.61 during mid-day trading on Wednesday, reaching $166.74. 4,776,918 shares of the stock traded hands, compared to its average volume of 5,501,427. The stock’s fifty day simple moving average is $173.73 and its two-hundred day simple moving average is $170.37. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38. The company has a market cap of $229.23 billion, a price-to-earnings ratio of 25.07, a price-to-earnings-growth ratio of 2.75 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.25%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

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.