Atria Wealth Solutions Inc. Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Atria Wealth Solutions Inc. grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 11.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 156,056 shares of the company’s stock after acquiring an additional 16,156 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PepsiCo were worth $26,662,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. 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 increased its stake in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after acquiring an additional 61 shares during the period. Sugarloaf Wealth Management LLC grew its stake in shares of PepsiCo by 2.6% in the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after purchasing an additional 61 shares during the period. Beacon Financial Advisory LLC grew its stake in shares of PepsiCo by 3.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after purchasing an additional 65 shares during the period. Finally, Pathway Financial Advisors LLC grew its stake in shares of PepsiCo by 4.5% in the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock valued at $255,000 after purchasing an additional 65 shares during the period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several research firms have recently weighed in on PEP. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. boosted their target price on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Deutsche Bank Aktiengesellschaft boosted their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Barclays upped their price objective on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Finally, Jefferies Financial Group upped their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.33.

PepsiCo Stock Up 3.6 %

PEP stock traded up $6.19 during trading hours on Wednesday, reaching $177.41. 10,011,958 shares of the stock were exchanged, compared to its average volume of 5,852,656. The firm’s 50-day moving average is $169.04 and its 200-day moving average is $167.70. The company has a market cap of $243.85 billion, a price-to-earnings ratio of 27.00, a PEG ratio of 2.77 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

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

PepsiCo Dividend Announcement

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

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.