Global Wealth Strategies & Associates Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Global Wealth Strategies & Associates raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 59.0% during the 3rd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 159 shares of the company’s stock after purchasing an additional 59 shares during the quarter. Global Wealth Strategies & Associates’ holdings in PepsiCo were worth $27,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC lifted its stake in shares of PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. POM Investment Strategies LLC increased its holdings in PepsiCo by 141.3% in the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock valued at $30,000 after buying an additional 106 shares in the last quarter. Summit Securities Group LLC acquired a new position in shares of PepsiCo in the second quarter worth about $30,000. Fortis Group Advisors LLC boosted its stake in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Finally, Mattson Financial Services LLC acquired a new stake in shares of PepsiCo during the 2nd quarter valued at about $34,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $169.55 on Thursday. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market capitalization of $232.89 billion, a price-to-earnings ratio of 24.61, a price-to-earnings-growth ratio of 2.93 and a beta of 0.53. The business has a 50-day moving average of $173.95 and a 200 day moving average of $172.15. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating the consensus estimate of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to analysts’ expectations of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The firm’s revenue was up .8% compared to the same quarter last year. During the same quarter last year, the company posted $2.09 EPS. As a group, sell-side analysts forecast that PepsiCo, Inc. will post 8.14 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were issued a $1.355 dividend. The ex-dividend date of this dividend was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.20%. PepsiCo’s payout ratio is 78.66%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Jefferies Financial Group lowered their price target on PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a research report on Tuesday, July 9th. Royal Bank of Canada decreased their target price on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating on the stock in a research report on Friday, July 12th. BNP Paribas initiated coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target for the company. TD Cowen dropped their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research report on Wednesday, July 3rd. Finally, Bank of America cut their target price on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a research note on Monday. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $185.40.

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.