Good Steward Wealth Advisors LLC Invests $504,000 in PepsiCo, Inc. (NASDAQ:PEP)

Good Steward Wealth Advisors LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 1st quarter, Holdings Channel reports. The fund acquired 3,360 shares of the company’s stock, valued at approximately $504,000.

Several other institutional investors have also modified their holdings of PEP. Tallon Kerry Patrick purchased a new stake in shares of PepsiCo in the fourth quarter valued at $224,000. Brighton Jones LLC grew its holdings in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after purchasing an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in PepsiCo in the 4th quarter worth about $9,268,000. Bank Pictet & Cie Europe AG lifted its stake in PepsiCo by 2.5% in the fourth quarter. Bank Pictet & Cie Europe AG now owns 470,387 shares of the company’s stock worth $71,527,000 after purchasing an additional 11,538 shares during the last quarter. Finally, Strategic Financial Concepts LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $162,000. 73.07% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on the company. Citigroup decreased their price target on PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. Barclays decreased their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a report on Monday, April 28th. Finally, UBS Group dropped their target price on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating on the stock in a research note on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $160.69.

PepsiCo Price Performance

Shares of PEP opened at $129.07 on Friday. The stock has a market capitalization of $176.97 billion, a PE ratio of 18.98, a PEG ratio of 3.71 and a beta of 0.45. The company has a 50 day moving average price of $133.50 and a 200-day moving average price of $144.28. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same quarter in the prior year, the company earned $1.61 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. Equities analysts predict 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. Shareholders of record on Friday, June 6th will be paid a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.41%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 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.