PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Inceptionr LLC

Inceptionr LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 173.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,276 shares of the company’s stock after acquiring an additional 3,348 shares during the quarter. PepsiCo comprises 0.6% of Inceptionr LLC’s holdings, making the stock its 2nd largest holding. Inceptionr LLC’s holdings in PepsiCo were worth $896,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA grew its stake in PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the 4th quarter worth approximately $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at $36,000. Criterion Capital Advisors LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at $39,000. Finally, Avion Wealth boosted its stake in PepsiCo by 61.7% during the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after acquiring an additional 92 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.6 %

PEP traded down $1.03 during mid-day trading on Tuesday, reaching $179.87. 3,508,640 shares of the stock were exchanged, compared to its average volume of 5,580,554. The company has a 50 day moving average price of $171.57 and a two-hundred day moving average price of $169.19. The stock has a market capitalization of $247.28 billion, a PE ratio of 27.05, a price-to-earnings-growth ratio of 2.93 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS 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 analyst estimates of $18.08 billion. During the same quarter last year, the business posted $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend is Friday, June 7th. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 81.50%.

Analyst Upgrades and Downgrades

Several equities analysts have recently weighed in on PEP shares. Wedbush reiterated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.42.

Check Out Our Latest Stock Analysis on PepsiCo

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 0.15% of the company’s stock.

PepsiCo Company Profile

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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