KWB Wealth Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

KWB Wealth trimmed its position in PepsiCo, Inc. (NASDAQ:PEP) by 9.7% during the 1st quarter, HoldingsChannel reports. The firm owned 5,844 shares of the company’s stock after selling 626 shares during the period. KWB Wealth’s holdings in PepsiCo were worth $1,023,000 as of its most recent filing with the SEC.

Other large investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA lifted its position in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares in the last quarter. Fortis Group Advisors LLC increased its holdings in PepsiCo by 100.0% in 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. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter worth approximately $34,000. Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo during the first quarter valued at approximately $35,000. Finally, Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter worth $36,000. 73.07% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Barclays cut their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Wedbush reissued an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, TD Cowen decreased their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday. Seven investment analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $186.64.

PepsiCo Trading Up 0.3 %

Shares of PepsiCo stock traded up $0.48 on Friday, reaching $163.08. The company had a trading volume of 439,205 shares, compared to its average volume of 5,442,153. The firm’s 50-day moving average price is $172.37 and its two-hundred day moving average price is $170.13. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The firm has a market cap of $224.20 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.67 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business’s revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.50 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.32%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Insiders Place Their Bets

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 0.14% of the company’s stock.

PepsiCo Company Profile

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.