Retirement Guys Formula LLC Purchases 8,173 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Retirement Guys Formula LLC raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 276.7% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 11,127 shares of the company’s stock after purchasing an additional 8,173 shares during the quarter. PepsiCo comprises about 0.9% of Retirement Guys Formula LLC’s investment portfolio, making the stock its 29th biggest holding. Retirement Guys Formula LLC’s holdings in PepsiCo were worth $1,947,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also added to or reduced their stakes in PEP. Amplius Wealth Advisors LLC grew its stake in PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares during the last quarter. Sugarloaf Wealth Management LLC grew its stake in PepsiCo by 2.6% during 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 last quarter. SYM FINANCIAL Corp grew its stake in PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after purchasing an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC grew its stake in PepsiCo by 2.3% during the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after purchasing an additional 61 shares during the last quarter. Finally, Security Financial Services INC. grew its stake in PepsiCo by 1.6% during the 1st quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock valued at $690,000 after purchasing an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP traded down $0.98 during trading on Thursday, reaching $162.60. The company’s stock had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38. The company’s fifty day moving average price is $172.65 and its 200-day moving average price is $170.19. The company has a market capitalization of $223.54 billion, a price-to-earnings ratio of 24.45, a price-to-earnings-growth ratio of 2.69 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 (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (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 during the quarter, compared to the consensus estimate of $18.08 billion. During the same period last year, the firm earned $1.50 EPS. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Stockholders of record on Friday, June 7th were given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. 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 dividend payout ratio (DPR) is presently 81.50%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on PEP shares. BNP Paribas started coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 target price on the stock. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research note on Monday, March 18th. Barclays lowered their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research note on Wednesday, June 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. Seven investment analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $186.64.

Insider Activity

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction that occurred on 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 completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 0.14% 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.