O Brien Wealth Partners LLC Boosts Stake in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

O Brien Wealth Partners LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 56.4% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 652 shares of the company’s stock after purchasing an additional 235 shares during the quarter. O Brien Wealth Partners LLC’s holdings in PepsiCo were worth $98,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently made changes to their positions in PEP. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $28,000. Prudent Man Investment Management Inc. bought a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. purchased a new position in PepsiCo during the fourth quarter valued at $31,000. Summit Securities Group LLC bought a new stake in PepsiCo in the fourth quarter worth $33,000. Finally, GKV Capital Management Co. Inc. purchased a new stake in shares of PepsiCo in the fourth quarter worth $38,000. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. JPMorgan Chase & Co. lifted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Barclays decreased their target price on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a report on Thursday, April 24th. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a research report on Friday, May 9th. Finally, Citigroup lowered their price objective on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $159.75.

Get Our Latest Stock Report on PepsiCo

PepsiCo Stock Up 0.9%

PEP stock opened at $136.48 on Thursday. The business’s 50-day moving average is $131.36 and its two-hundred day moving average is $142.54. The company has a market cap of $187.12 billion, a price-to-earnings ratio of 20.07, a P/E/G ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a fifty-two week low of $127.60 and a fifty-two week high of $180.91. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP – Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the previous year, the business posted $1.61 EPS. The business’s quarterly revenue was down 1.8% compared to the same quarter last year. As a group, analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Stockholders of record on Friday, June 6th were paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a dividend yield of 4.17%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. PepsiCo’s dividend payout ratio is 83.68%.

PepsiCo Company Profile

(Free Report)

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.

Further Reading

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