CW Advisors LLC Acquires 4,527 Shares of PepsiCo, Inc. $PEP

CW Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.9% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 42,458 shares of the company’s stock after purchasing an additional 4,527 shares during the period. CW Advisors LLC’s holdings in PepsiCo were worth $5,606,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Nova Wealth Management Inc. bought a new position in PepsiCo during the first quarter worth about $25,000. Legend Financial Advisors Inc. bought a new position in PepsiCo during the 2nd quarter worth approximately $29,000. Vermillion & White Wealth Management Group LLC grew its holdings in PepsiCo by 107.1% during the second quarter. Vermillion & White Wealth Management Group LLC now owns 234 shares of the company’s stock valued at $31,000 after purchasing an additional 121 shares during the period. Frazier Financial Advisors LLC increased its stake in PepsiCo by 85.3% in the second quarter. Frazier Financial Advisors LLC now owns 265 shares of the company’s stock valued at $35,000 after purchasing an additional 122 shares in the last quarter. Finally, Investment Research & Advisory Group Inc. raised its holdings in PepsiCo by 263.6% in the second quarter. Investment Research & Advisory Group Inc. now owns 320 shares of the company’s stock worth $42,000 after purchasing an additional 232 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on the stock. Wells Fargo & Company upped their price objective on shares of PepsiCo from $150.00 to $154.00 and gave the company a “positive” rating in a research report on Friday, October 10th. Citigroup lowered their price target on PepsiCo from $168.00 to $165.00 and set a “buy” rating for the company in a report on Thursday, September 25th. Bank of America lifted their price objective on PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a report on Friday, October 10th. Royal Bank Of Canada lowered their target price on PepsiCo from $146.00 to $145.00 and set a “sector perform” rating for the company in a research note on Monday, September 15th. Finally, Piper Sandler dropped their target price on shares of PepsiCo from $162.00 to $161.00 and set an “overweight” rating on the stock in a report on Friday, November 21st. Seven equities research analysts have rated the stock with a Buy rating, fourteen have issued a Hold rating and one has issued a Sell rating to the company. Based on data from MarketBeat, PepsiCo has an average rating of “Hold” and a consensus target price of $156.90.

PepsiCo Trading Down 1.3%

NASDAQ:PEP opened at $145.02 on Friday. The company has a market cap of $198.29 billion, a P/E ratio of 27.57, a price-to-earnings-growth ratio of 5.03 and a beta of 0.42. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $161.50. The business has a 50 day moving average price of $146.66 and a two-hundred day moving average price of $141.60. The company has a quick ratio of 0.72, a current ratio of 0.91 and a debt-to-equity ratio of 2.26.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Wednesday, October 8th. The company reported $2.29 EPS for the quarter, topping analysts’ consensus estimates of $2.26 by $0.03. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The business had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. During the same quarter in the previous year, the firm posted $2.31 earnings per share. The firm’s revenue for the quarter was up 2.7% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, January 6th. Stockholders of record on Friday, December 5th will be issued a $1.4225 dividend. The ex-dividend date is Friday, December 5th. This represents a $5.69 annualized dividend and a dividend yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is presently 108.17%.

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.