Physician Wealth Advisors Inc. Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

Physician Wealth Advisors Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.3% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,990 shares of the company’s stock after buying an additional 290 shares during the period. Physician Wealth Advisors Inc.’s holdings in PepsiCo were worth $1,171,000 at the end of the most recent reporting period.

Several other institutional investors also recently modified their holdings of the business. LFA Lugano Financial Advisors SA raised its stake 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 worth $27,000 after buying an additional 70 shares during the period. Fortis Group Advisors LLC grew its position in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after purchasing an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo during the first quarter worth about $35,000. Life Planning Partners Inc purchased a new position in PepsiCo during the 4th quarter valued at approximately $34,000. Finally, Naples Money Management LLC purchased a new position in PepsiCo during the 4th quarter valued at approximately $36,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Down 0.8 %

NASDAQ PEP traded down $1.33 on Friday, reaching $164.93. 8,756,033 shares of the stock traded hands, compared to its average volume of 5,392,291. The company has a market cap of $226.74 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.73 and a beta of 0.52. 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, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38. The company has a fifty day moving average price of $173.37 and a 200-day moving average price of $170.31.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.50 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.29%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s payout ratio is 81.50%.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on PEP. JPMorgan Chase & Co. raised their price target on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. BNP Paribas initiated coverage on PepsiCo in a report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Finally, Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. 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, the stock currently has an average rating of “Hold” and an average price target of $186.38.

Insider Buying and Selling

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction dated Thursday, May 9th. The stock was 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 approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 0.15% of the stock is owned by company insiders.

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.