Pines Wealth Management LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Pines Wealth Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 19.3% during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 4,153 shares of the company’s stock after purchasing an additional 671 shares during the period. Pines Wealth Management LLC’s holdings in PepsiCo were worth $583,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of the company. Tcfg Wealth Management LLC lifted its position in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after buying an additional 66 shares in the last quarter. TAGStone Capital Inc. lifted its position in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock valued at $388,000 after buying an additional 70 shares in the last quarter. Lokken Investment Group LLC lifted its position in shares of PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock valued at $1,171,000 after buying an additional 70 shares in the last quarter. Leavell Investment Management Inc. lifted its position in shares of PepsiCo by 0.3% during the 4th quarter. Leavell Investment Management Inc. now owns 27,844 shares of the company’s stock valued at $4,271,000 after buying an additional 71 shares in the last quarter. Finally, Legacy Financial Group LLC lifted its position in shares of PepsiCo by 4.9% during the 1st quarter. Legacy Financial Group LLC now owns 1,514 shares of the company’s stock valued at $227,000 after buying an additional 71 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. Bank of America lowered their price objective on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research report on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. Barclays decreased their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. Finally, Dbs Bank downgraded PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Hold” and a consensus target price of $160.69.

PepsiCo Stock Down 0.8%

Shares of PEP opened at $130.03 on Friday. The stock has a market capitalization of $178.28 billion, a price-to-earnings ratio of 18.71, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business’s 50 day simple moving average is $136.15 and its 200-day simple moving average is $146.25. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down 1.8% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.61 EPS. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.38%. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is currently 83.68%.

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.