Retirement Guys Formula LLC Purchases 8,173 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Retirement Guys Formula LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 276.7% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,127 shares of the company’s stock after purchasing an additional 8,173 shares during the period. PepsiCo makes up approximately 0.9% of Retirement Guys Formula LLC’s holdings, making the stock its 29th biggest position. Retirement Guys Formula LLC’s holdings in PepsiCo were worth $1,947,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of PEP. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Fortis Group Advisors LLC raised its stake in shares of PepsiCo by 100.0% in 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. Life Planning Partners Inc acquired a new position in shares of PepsiCo in the 4th quarter valued at $34,000. Kathleen S. Wright Associates Inc. acquired a new position in shares of PepsiCo in the 1st quarter valued at $35,000. Finally, Naples Money Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $36,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Trading Down 0.6 %

PepsiCo stock traded down $0.98 during midday trading on Thursday, hitting $162.60. 2,879,575 shares of the stock were exchanged, compared to its average volume of 5,397,682. The company has a fifty day simple moving average of $172.65 and a two-hundred day simple moving average of $170.19. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The stock has a market capitalization of $223.54 billion, a PE ratio of 24.45, a P/E/G ratio of 2.69 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 released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the firm earned $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were issued a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a yield of 3.33%. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio (DPR) is 81.50%.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on Thursday, May 9th. The shares were 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.14% of the company’s stock.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on PEP shares. BNP Paribas started coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price for the company. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. TD Cowen decreased their price objective on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a report on Wednesday. Barclays decreased their price objective 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. Finally, Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $186.64.

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.