PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Madison Wealth Partners Inc

Madison Wealth Partners Inc grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.0% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 2,112 shares of the company’s stock after buying an additional 156 shares during the quarter. Madison Wealth Partners Inc’s holdings in PepsiCo were worth $317,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. TAGStone Capital Inc. raised its holdings in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after purchasing an additional 70 shares during the period. Lokken Investment Group LLC increased its stake in shares of PepsiCo by 0.9% in the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company’s stock worth $1,171,000 after acquiring an additional 70 shares during the last quarter. Legacy Financial Group LLC increased its holdings 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 worth $227,000 after buying an additional 71 shares during the last quarter. Atlantic Private Wealth LLC increased its stake in PepsiCo by 37.5% during the fourth quarter. Atlantic Private Wealth LLC now owns 275 shares of the company’s stock worth $42,000 after acquiring an additional 75 shares during the last quarter. Finally, Pflug Koory LLC increased its stake in PepsiCo by 1.0% during the first quarter. Pflug Koory LLC now owns 7,750 shares of the company’s stock worth $1,162,000 after acquiring an additional 76 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP opened at $129.07 on Friday. The company has a fifty day simple moving average of $133.19 and a two-hundred day simple moving average of $143.95. The company has a market cap of $176.97 billion, a price-to-earnings ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91.

PepsiCo (NASDAQ:PEP) last released its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate 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 analyst estimates of $17.81 billion. During the same period in the previous year, the firm earned $1.61 earnings per share. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. As a group, equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be issued a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.41%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent analyst reports. Evercore ISI set a $140.00 target price on PepsiCo in a research note on Thursday, April 24th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a research report on Monday, April 21st. Morgan Stanley dropped their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. Royal Bank Of Canada reiterated a “sector perform” rating and set a $163.00 price target on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Barclays cut their target price on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research report on Monday, April 28th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.69.

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.