CCG Wealth Management LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 58.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,756 shares of the company’s stock after acquiring an additional 1,015 shares during the period. CCG Wealth Management LLC’s holdings in PepsiCo were worth $461,000 as of its most recent filing with the Securities and Exchange Commission.
Other hedge funds and other institutional investors have also modified their holdings of the company. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the 4th quarter worth about $35,000. Leverty Financial Group LLC acquired a new stake in shares of PepsiCo during the 4th quarter worth about $38,000. Masso Torrence Wealth Management Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $56,000. Creative Financial Designs Inc. ADV boosted its stake in shares of PepsiCo by 229.6% during the 4th quarter. Creative Financial Designs Inc. ADV now owns 323 shares of the company’s stock worth $56,000 after purchasing an additional 225 shares during the last quarter. Finally, Evolution Advisers Inc. acquired a new stake in shares of PepsiCo during the 4th quarter worth about $59,000. 72.12% of the stock is currently owned by hedge funds and other institutional investors.
In other news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.11, for a total transaction of $901,816.50. Following the sale, the executive vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.61, for a total transaction of $800,781.60. Following the sale, the chief executive officer now owns 8,277 shares in the company, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.
NASDAQ PEP opened at $162.03 on Thursday. PepsiCo, Inc. has a one year low of $144.61 and a one year high of $177.62. The company’s 50 day moving average price is $166.98 and its 200 day moving average price is $168.10. The company has a debt-to-equity ratio of 1.89, a quick ratio of 0.68 and a current ratio of 0.87. The firm has a market capitalization of $224.04 billion, a price-to-earnings ratio of 22.17, a PEG ratio of 3.12 and a beta of 0.59.
PepsiCo (NASDAQ:PEP – Get Rating) last posted its quarterly earnings data on Tuesday, April 26th. The company reported $1.29 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. The company had revenue of $16.20 billion for the quarter, compared to analyst estimates of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The business’s quarterly revenue was up 9.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.21 earnings per share. Sell-side analysts forecast that PepsiCo, Inc. will post 6.64 EPS for the current fiscal year.
The company also recently disclosed a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be paid a dividend of $1.15 per share. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.84%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio (DPR) is currently 62.93%.
PEP has been the topic of several analyst reports. Wells Fargo & Company decreased their price target on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating on the stock in a research note on Tuesday. StockNews.com initiated coverage on shares of PepsiCo in a report on Thursday, March 31st. They set a “buy” rating on the stock. UBS Group cut their price objective on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating on the stock in a report on Tuesday. Guggenheim increased their price objective on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 27th. Finally, Citigroup increased their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Seven investment analysts have rated the stock with a hold rating and nine have given a buy rating to the company. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $177.13.
PepsiCo Company Profile (Get Rating)
PepsiCo, Inc manufactures, markets, distributes, and sells 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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