PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by ARS Wealth Advisors Group LLC

ARS Wealth Advisors Group LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 100,281 shares of the company’s stock after purchasing an additional 1,333 shares during the quarter. PepsiCo accounts for 2.1% of ARS Wealth Advisors Group LLC’s investment portfolio, making the stock its 17th biggest position. ARS Wealth Advisors Group LLC’s holdings in PepsiCo were worth $16,539,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently modified their holdings of the company. Valued Wealth Advisors LLC lifted its stake in shares of PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. Fortis Group Advisors LLC raised its stake in PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after buying an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new stake in PepsiCo during the first quarter valued at approximately $35,000. Naples Money Management LLC acquired a new stake in PepsiCo during the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC acquired a new stake in PepsiCo during the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently commented on the company. JPMorgan Chase & Co. lowered their target price on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a report on Friday, July 12th. Bank of America decreased their price objective on PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a report on Monday, July 8th. Jefferies Financial Group decreased their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a report on Tuesday, July 9th. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Seven research analysts have rated the stock with a hold rating and eight have given a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.10 during trading on Friday, reaching $172.62. The stock had a trading volume of 4,614,804 shares, compared to its average volume of 5,492,265. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The business’s 50-day moving average price is $168.09 and its 200 day moving average price is $170.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64. The stock has a market capitalization of $237.32 billion, a PE ratio of 25.05, a P/E/G ratio of 2.98 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter last year, the business posted $2.09 earnings per share. As a group, equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

PepsiCo 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.