Wynn Capital LLC Acquires Shares of 3,574 PepsiCo, Inc. (NASDAQ:PEP)

Wynn Capital LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 3,574 shares of the company’s stock, valued at approximately $607,000.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. Amplius Wealth Advisors LLC increased its stake in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the period. Darwin Wealth Management LLC grew its position in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after acquiring an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC grew its position in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares during the last quarter. Beacon Financial Advisory LLC grew its position in PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock worth $362,000 after acquiring an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC grew its position in PepsiCo by 4.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock worth $255,000 after acquiring an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 3.6 %

Shares of NASDAQ PEP traded up $6.19 during mid-day trading on Wednesday, hitting $177.41. The company had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. The company has a market capitalization of $243.85 billion, a PE ratio of 26.50, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53. The firm has a 50-day simple moving average of $168.84 and a two-hundred day simple moving average of $167.63. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the business posted $1.50 EPS. PepsiCo’s revenue was up 2.3% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.85%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEP. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Morgan Stanley raised 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. Deutsche Bank Aktiengesellschaft increased their price target on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. increased their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $187.33.

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.