BIP Wealth LLC Reduces Holdings in PepsiCo, Inc. (NASDAQ:PEP)

by · The Cerbat Gem

BIP Wealth LLC decreased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 4.1% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 3,508 shares of the company’s stock after selling 151 shares during the period. BIP Wealth LLC’s holdings in PepsiCo were worth $526,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently bought and sold shares of the stock. WealthTrak Capital Management LLC bought a new position in PepsiCo in the 4th quarter worth $28,000. Elite Financial Inc. purchased a new stake in shares of PepsiCo during the first quarter worth about $28,000. Prudent Man Investment Management Inc. bought a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in PepsiCo in the 4th quarter worth approximately $31,000. Finally, Summit Securities Group LLC bought a new stake in shares of PepsiCo during the fourth quarter valued at approximately $33,000. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have issued reports on PEP shares. Bank of America reduced their price target on shares of PepsiCo from $150.00 to $145.00 and set a “neutral” rating on the stock in a report on Friday, July 11th. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. JPMorgan Chase & Co. decreased their price objective on PepsiCo from $150.00 to $139.00 and set a “neutral” rating on the stock in a report on Thursday, July 10th. Evercore ISI set a $140.00 price target on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Barclays dropped their price objective on shares of PepsiCo from $135.00 to $132.00 and set an “equal weight” rating for the company in a research note on Tuesday. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company. According to MarketBeat, PepsiCo has an average rating of “Hold” and an average price target of $158.00.

Get Our Latest Stock Report on PepsiCo

PepsiCo Trading Down 1.3%

NASDAQ PEP opened at $133.81 on Wednesday. The company’s 50-day simple moving average is $131.62 and its two-hundred day simple moving average is $141.33. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a market capitalization of $183.46 billion, a price-to-earnings ratio of 19.68, a price-to-earnings-growth ratio of 4.24 and a beta of 0.45. 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 released its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company’s revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the firm posted $1.61 earnings per share. Equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were given a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.25%. PepsiCo’s dividend payout ratio is presently 83.68%.

About PepsiCo

(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.

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