PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Henrickson Nauta Wealth Advisors Inc.

Henrickson Nauta Wealth Advisors Inc. raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.8% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,783 shares of the company’s stock after buying an additional 243 shares during the period. Henrickson Nauta Wealth Advisors Inc.’s holdings in PepsiCo were worth $301,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the stock. Sound Income Strategies LLC increased its stake in PepsiCo by 6.2% during the 1st quarter. Sound Income Strategies LLC now owns 5,429 shares of the company’s stock valued at $950,000 after buying an additional 315 shares during the period. West Paces Advisors Inc. grew its stake in shares of PepsiCo by 8.5% in the 1st quarter. West Paces Advisors Inc. now owns 9,128 shares of the company’s stock worth $1,597,000 after purchasing an additional 718 shares during the last quarter. Security National Bank grew its stake in shares of PepsiCo by 0.5% in the 1st quarter. Security National Bank now owns 22,471 shares of the company’s stock worth $3,933,000 after purchasing an additional 112 shares during the last quarter. Prentice Wealth Management LLC grew its stake in shares of PepsiCo by 7.7% in the 1st quarter. Prentice Wealth Management LLC now owns 3,540 shares of the company’s stock worth $620,000 after purchasing an additional 252 shares during the last quarter. Finally, Thompson Investment Management Inc. grew its stake in shares of PepsiCo by 5.6% in the 1st quarter. Thompson Investment Management Inc. now owns 4,769 shares of the company’s stock worth $835,000 after purchasing an additional 254 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Buying and Selling

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 0.15% of the stock is currently owned by insiders.

PepsiCo Stock Performance

Shares of NASDAQ:PEP traded down $0.61 during trading on Wednesday, reaching $166.74. The stock had a trading volume of 4,776,918 shares, compared to its average volume of 5,501,427. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The firm has a market capitalization of $229.23 billion, a price-to-earnings ratio of 25.07, a P/E/G ratio of 2.75 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a fifty day simple moving average of $173.73 and a two-hundred day simple moving average of $170.37.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating 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 for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the firm posted $1.50 earnings per share. The company’s quarterly revenue was up 2.3% compared to the same quarter last year. As a group, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.25%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 81.50%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on PEP. BNP Paribas began coverage on shares of PepsiCo in a research note on Monday. They issued a “neutral” rating and a $174.00 price objective on the stock. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. JPMorgan Chase & Co. lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday. Jefferies Financial Group raised their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Seven research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average target price of $186.38.

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.