Team Hewins LLC Invests $976,000 in PepsiCo, Inc. (NASDAQ:PEP)

Team Hewins LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 5,706 shares of the company’s stock, valued at approximately $976,000.

Several other hedge funds have also recently modified their holdings of PEP. Amplius Wealth Advisors LLC lifted 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 worth $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC raised its stake in shares of PepsiCo by 2.7% in 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 in the last quarter. Sugarloaf Wealth Management LLC raised its stake in shares of PepsiCo by 2.6% in the fourth quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after acquiring an additional 61 shares in the last quarter. SYM FINANCIAL Corp raised its stake in shares of PepsiCo by 2.7% in the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after acquiring an additional 61 shares in the last quarter. Finally, Clearwater Capital Advisors LLC raised its stake in shares of PepsiCo by 2.3% in the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after acquiring an additional 61 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PEP stock traded down $2.82 during mid-day trading on Thursday, hitting $179.27. 4,008,732 shares of the stock were exchanged, compared to its average volume of 5,482,663. The stock’s fifty day simple moving average is $174.02 and its two-hundred day simple moving average is $170.00. The stock has a market capitalization of $246.46 billion, a price-to-earnings ratio of 27.19, a P/E/G ratio of 2.95 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38. 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 (NASDAQ:PEP) last announced its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping 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 business 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 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be paid a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. PepsiCo’s dividend payout ratio is 76.09%.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on PEP shares. Barclays increased their price objective on PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a research note on Thursday, April 25th. 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. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. increased their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $187.58.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’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 completion of the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Insiders own 0.15% of the company’s stock.

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.