PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by RBA Wealth Management LLC

RBA Wealth Management LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.2% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,763 shares of the company’s stock after buying an additional 327 shares during the quarter. PepsiCo makes up approximately 2.0% of RBA Wealth Management LLC’s holdings, making the stock its 22nd largest holding. RBA Wealth Management LLC’s holdings in PepsiCo were worth $4,859,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA lifted its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Fortis Group Advisors LLC lifted its stake in PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares during the last quarter. Life Planning Partners Inc acquired a new position in shares of PepsiCo during the fourth quarter valued at $34,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo during the first quarter valued at $35,000. Finally, Naples Money Management LLC acquired a new position in PepsiCo during the fourth quarter worth about $36,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on 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 completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is available through this link. Insiders own 0.14% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on PEP shares. Jefferies Financial Group lifted their target price on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Wedbush reiterated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. TD Cowen cut their price objective on PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, Barclays dropped their price target on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $186.64.

PepsiCo Price Performance

PEP traded down $0.98 during trading on Thursday, reaching $162.60. The stock had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. The stock has a market cap of $223.54 billion, a PE ratio of 24.45, a PEG ratio of 2.69 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38. The business has a 50-day moving average of $172.65 and a 200-day moving average of $170.19.

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

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.33%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. PepsiCo’s payout ratio 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.