PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by MGO One Seven LLC

MGO One Seven LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 46.7% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 25,508 shares of the company’s stock after purchasing an additional 8,115 shares during the period. MGO One Seven LLC’s holdings in PepsiCo were worth $4,332,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Cerity Partners LLC lifted its position in shares of PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after acquiring an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC increased its stake in PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after buying an additional 102 shares during the period. Meadow Creek Wealth Advisors LLC acquired a new position in PepsiCo in the 4th quarter valued at approximately $405,000. Manchester Capital Management LLC increased its stake in PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after buying an additional 185 shares during the period. Finally, Householder Group Estate & Retirement Specialist LLC increased its stake in PepsiCo by 34.5% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after buying an additional 3,159 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Price Performance

PEP traded down $1.30 during midday trading on Tuesday, hitting $164.60. The company had a trading volume of 1,178,322 shares, compared to its average volume of 5,450,919. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The company has a market capitalization of $226.29 billion, a PE ratio of 24.95, a P/E/G ratio of 2.79 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The firm’s 50-day simple moving average is $174.44 and its 200-day simple moving average is $170.54.

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 the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the company posted $1.50 EPS. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $1.355 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.29%. PepsiCo’s payout ratio is currently 81.50%.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 0.14% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

PEP has been the topic of several analyst reports. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research note on Wednesday, April 24th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.58.

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.