PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Concord Wealth Partners

Concord Wealth Partners raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 18.4% during the 4th quarter, Holdings Channel.com reports. The firm owned 15,269 shares of the company’s stock after acquiring an additional 2,378 shares during the quarter. Concord Wealth Partners’ holdings in PepsiCo were worth $2,593,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA boosted its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $39,000. Finally, Avion Wealth boosted its holdings in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after acquiring an additional 92 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. Barclays increased their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday, April 25th. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Trading Up 0.0 %

PepsiCo stock traded up $0.08 during midday trading on Wednesday, reaching $175.99. The stock had a trading volume of 2,353,896 shares, compared to its average volume of 5,764,251. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The firm has a market cap of $241.95 billion, a price-to-earnings ratio of 26.33, a PEG ratio of 2.87 and a beta of 0.53. The firm’s fifty day simple moving average is $169.74 and its two-hundred day simple moving average is $168.16.

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

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. PepsiCo’s dividend payout ratio is presently 76.09%.

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.