Physician Wealth Advisors Inc. Boosts Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Physician Wealth Advisors Inc. raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 4.3% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 6,990 shares of the company’s stock after buying an additional 290 shares during the period. Physician Wealth Advisors Inc.’s holdings in PepsiCo were worth $1,171,000 at the end of the most recent reporting period.

Other hedge funds also recently added to or reduced their stakes in the company. New Mexico Educational Retirement Board increased its stake in shares of PepsiCo by 12.3% during the 1st quarter. New Mexico Educational Retirement Board now owns 80,485 shares of the company’s stock worth $13,472,000 after purchasing an additional 8,800 shares in the last quarter. Foguth Wealth Management LLC. acquired a new stake in PepsiCo during the first quarter worth approximately $340,000. Brown Miller Wealth Management LLC boosted its position in PepsiCo by 25.7% during the first quarter. Brown Miller Wealth Management LLC now owns 6,865 shares of the company’s stock worth $1,201,000 after acquiring an additional 1,404 shares during the last quarter. CRA Financial Services LLC boosted its position in PepsiCo by 4.8% during the first quarter. CRA Financial Services LLC now owns 8,154 shares of the company’s stock worth $1,427,000 after acquiring an additional 372 shares during the last quarter. Finally, Coston McIsaac & Partners boosted its position in PepsiCo by 1.7% during the first quarter. Coston McIsaac & Partners now owns 37,654 shares of the company’s stock worth $6,589,000 after acquiring an additional 624 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PEP shares. JPMorgan Chase & Co. lifted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Barclays decreased their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Finally, Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Seven analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $186.38.

PepsiCo Stock Down 0.8 %

PepsiCo stock traded down $1.33 during trading hours on Friday, hitting $164.93. The company had a trading volume of 8,756,033 shares, compared to its average volume of 5,392,291. The firm has a market capitalization of $226.74 billion, a P/E ratio of 24.80, a price-to-earnings-growth ratio of 2.73 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm’s fifty day moving average is $173.37 and its 200-day moving average is $170.31. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38.

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

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were paid a $1.355 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. PepsiCo’s dividend payout ratio is currently 81.50%.

Insider Activity

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Corporate insiders own 0.15% of the company’s stock.

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.