PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by WESPAC Advisors SoCal LLC

WESPAC Advisors SoCal LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 38.6% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 42,151 shares of the company’s stock after buying an additional 11,740 shares during the period. PepsiCo makes up approximately 1.7% of WESPAC Advisors SoCal LLC’s portfolio, making the stock its 22nd largest position. WESPAC Advisors SoCal LLC’s holdings in PepsiCo were worth $6,952,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in PEP. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after purchasing an additional 69 shares during the period. Fortis Group Advisors LLC lifted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares during the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo during the 1st quarter worth $35,000. True Wealth Design LLC lifted its position in shares of PepsiCo by 812.0% during the 4th quarter. True Wealth Design LLC now owns 228 shares of the company’s stock worth $39,000 after purchasing an additional 203 shares during the last quarter. Finally, Westend Capital Management LLC purchased a new stake in shares of PepsiCo during the 1st quarter worth $43,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on PEP shares. Royal Bank of Canada cut their price target on shares of PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research note on Friday, July 12th. BNP Paribas started coverage on shares of PepsiCo in a research note on Monday, June 24th. They set a “neutral” rating and a $174.00 price target on the stock. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Tuesday. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. Finally, Bank of America cut their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research note on Monday, July 8th. Eight investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus target price of $185.53.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded up $0.53 during midday trading on Thursday, hitting $175.74. The stock had a trading volume of 5,265,881 shares, compared to its average volume of 5,467,532. The company has a market capitalization of $241.39 billion, a PE ratio of 25.51, a P/E/G ratio of 2.98 and a beta of 0.52. The stock has a 50 day moving average price of $168.94 and a two-hundred day moving average price of $170.66. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $183.41.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is currently 78.66%.

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.