Insight Wealth Partners LLC Acquires 384 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Insight Wealth Partners LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 16.7% during the third quarter, according to the company in its most recent disclosure with the SEC. The fund owned 2,688 shares of the company’s stock after buying an additional 384 shares during the quarter. Insight Wealth Partners LLC’s holdings in PepsiCo were worth $457,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of the company. Kennedy Capital Management LLC bought a new stake in shares of PepsiCo in the 1st quarter valued at about $4,342,000. Montchanin Asset Management LLC bought a new position in PepsiCo during the 1st quarter worth approximately $771,000. CCM Investment Advisers LLC boosted its stake in shares of PepsiCo by 9.8% in the 1st quarter. CCM Investment Advisers LLC now owns 64,807 shares of the company’s stock valued at $11,342,000 after purchasing an additional 5,784 shares during the last quarter. Strategic Wealth Partners Ltd. increased its position in shares of PepsiCo by 3.1% during the first quarter. Strategic Wealth Partners Ltd. now owns 3,438 shares of the company’s stock worth $602,000 after buying an additional 102 shares during the period. Finally, LRI Investments LLC bought a new stake in PepsiCo during the first quarter valued at $504,000. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Trading Down 0.5 %

Shares of PEP stock opened at $162.16 on Wednesday. PepsiCo, Inc. has a 52-week low of $155.85 and a 52-week high of $183.41. The company has a 50-day simple moving average of $168.43 and a two-hundred day simple moving average of $170.66. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.70 and a current ratio of 0.89. The company has a market capitalization of $222.48 billion, a price-to-earnings ratio of 23.92, a PEG ratio of 3.04 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, October 8th. The company reported $2.31 EPS for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a return on equity of 57.32% and a net margin of 10.18%. The company had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same period last year, the business posted $2.25 earnings per share. PepsiCo’s revenue was down .6% on a year-over-year basis. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, January 6th. Shareholders of record on Friday, December 6th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.34%. The ex-dividend date of this dividend is Friday, December 6th. PepsiCo’s payout ratio is 79.94%.

Wall Street Analysts Forecast Growth

Several equities analysts have issued reports on PEP shares. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price target on the stock. in a research note on Friday, September 20th. Barclays dropped their target price on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating on the stock in a research report on Thursday, October 10th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research note on Tuesday, November 5th. Bank of America cut their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research report on Monday, September 30th. Finally, TD Cowen lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $190.00 to $183.00 in a research report on Thursday, October 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $183.92.

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.