LWM Advisory Services LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

LWM Advisory Services LLC grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,768 shares of the company’s stock after purchasing an additional 80 shares during the quarter. LWM Advisory Services LLC’s holdings in PepsiCo were worth $470,000 as of its most recent filing with the SEC.

Other hedge funds also recently made changes to their positions in the company. Cerity Partners LLC grew its holdings in shares of PepsiCo by 59.4% during the fourth quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares during the last quarter. Harbour Capital Advisors LLC grew its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after buying an additional 102 shares during the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of PepsiCo during the fourth quarter worth about $405,000. Manchester Capital Management LLC grew its holdings in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock worth $2,243,000 after buying an additional 185 shares during the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC grew its holdings in shares of PepsiCo by 34.5% during the fourth quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after buying an additional 3,159 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Up 0.3 %

PEP stock traded up $0.56 during midday trading on Monday, hitting $176.14. The stock had a trading volume of 3,224,217 shares, compared to its average volume of 5,823,218. The firm has a market cap of $242.15 billion, a PE ratio of 26.46, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company’s 50-day moving average price is $169.40 and its 200 day moving average price is $167.92.

PepsiCo (NASDAQ:PEP) last released 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. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period in the previous year, the company earned $1.50 EPS. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. PepsiCo’s payout ratio is 76.09%.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JPMorgan Chase & Co. raised their price objective on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Jefferies Financial Group lifted their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the company from $180.00 to $195.00 in a research report on Monday, February 12th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Finally, Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus target price of $187.42.

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.