Werba Rubin Papier Wealth Management Grows Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Werba Rubin Papier Wealth Management boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.2% during the 2nd quarter, Holdings Channel.com reports. The firm owned 1,535 shares of the company’s stock after acquiring an additional 155 shares during the period. Werba Rubin Papier Wealth Management’s holdings in PepsiCo were worth $253,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Valued Wealth Advisors LLC lifted its stake in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares during the last quarter. POM Investment Strategies LLC lifted its position in shares of PepsiCo by 141.3% during the 2nd quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares during the last quarter. Summit Securities Group LLC acquired a new position in shares of PepsiCo during the second quarter worth $30,000. Fortis Group Advisors LLC raised 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 in the last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo during the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several brokerages have recently weighed in on PEP. Barclays raised their target price on PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research report on Friday, July 19th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Wednesday, August 28th. Finally, Bank of America cut their target price on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Seven research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $185.53.

PepsiCo Price Performance

PEP stock traded down $0.60 on Friday, reaching $177.34. 6,395,276 shares of the company’s stock were exchanged, compared to its average volume of 5,471,998. The stock has a fifty day moving average of $170.96 and a 200-day moving average of $171.15. The firm has a market cap of $243.80 billion, a PE ratio of 25.74, a P/E/G ratio of 2.98 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $183.41.

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

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.06%. 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.