Wealthspire Advisors LLC Has $5.21 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Wealthspire Advisors LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 30,671 shares of the company’s stock after purchasing an additional 264 shares during the quarter. Wealthspire Advisors LLC’s holdings in PepsiCo were worth $5,209,000 at the end of the most recent quarter.

Other hedge funds have also bought and sold shares of the company. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 3.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 19,001,928 shares of the company’s stock valued at $3,227,287,000 after acquiring an additional 578,083 shares in the last quarter. Northern Trust Corp lifted its stake in PepsiCo by 3.7% during the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after acquiring an additional 595,357 shares in the last quarter. California Public Employees Retirement System lifted its stake in PepsiCo by 17.9% during the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in PepsiCo by 9.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after acquiring an additional 608,321 shares in the last quarter. Finally, Deutsche Bank AG lifted its stake in PepsiCo by 2.1% during the 3rd quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after acquiring an additional 142,243 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

PEP stock traded down $0.61 during midday trading on Wednesday, hitting $177.41. The company had a trading volume of 3,266,694 shares, compared to its average volume of 5,666,490. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The stock’s 50 day moving average price is $170.49 and its 200 day moving average price is $168.70. The stock has a market cap of $243.90 billion, a price-to-earnings ratio of 26.68, a PEG ratio of 2.87 and a beta of 0.52.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.06%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on PEP shares. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and lifted their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Barclays lifted their target price on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Argus cut PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday, April 24th. Finally, Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo 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.