SVB Wealth LLC Buys Shares of 50,461 PepsiCo, Inc. $PEP

SVB Wealth LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 50,461 shares of the company’s stock, valued at approximately $6,663,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. JSF Financial LLC grew its position in shares of PepsiCo by 3.8% during the second quarter. JSF Financial LLC now owns 1,897 shares of the company’s stock worth $250,000 after acquiring an additional 69 shares during the last quarter. Dogwood Wealth Management LLC boosted its stake in PepsiCo by 15.4% during the 2nd quarter. Dogwood Wealth Management LLC now owns 539 shares of the company’s stock valued at $73,000 after purchasing an additional 72 shares during the period. Weaver Consulting Group increased its stake in shares of PepsiCo by 2.9% in the second quarter. Weaver Consulting Group now owns 2,581 shares of the company’s stock valued at $341,000 after purchasing an additional 72 shares during the period. Joel Isaacson & Co. LLC raised its holdings in shares of PepsiCo by 0.5% during the second quarter. Joel Isaacson & Co. LLC now owns 16,507 shares of the company’s stock valued at $2,180,000 after buying an additional 74 shares during the last quarter. Finally, Bull Street Advisors LLC boosted its position in shares of PepsiCo by 0.4% during the second quarter. Bull Street Advisors LLC now owns 19,902 shares of the company’s stock worth $2,628,000 after buying an additional 74 shares during the period. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP opened at $145.02 on Monday. The company has a debt-to-equity ratio of 2.26, a current ratio of 0.91 and a quick ratio of 0.72. The firm’s 50 day moving average is $146.66 and its 200-day moving average is $141.75. PepsiCo, Inc. has a 12-month low of $127.60 and a 12-month high of $161.50. The stock has a market capitalization of $198.29 billion, a P/E ratio of 27.57, a P/E/G ratio of 4.97 and a beta of 0.42.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Wednesday, October 8th. The company reported $2.29 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.26 by $0.03. The firm had revenue of $23.94 billion for the quarter, compared to analyst estimates of $23.91 billion. PepsiCo had a net margin of 7.82% and a return on equity of 57.58%. The firm’s quarterly revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.31 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, January 6th. Investors of record on Friday, December 5th will be paid a $1.4225 dividend. The ex-dividend date of this dividend is Friday, December 5th. This represents a $5.69 dividend on an annualized basis and a yield of 3.9%. PepsiCo’s dividend payout ratio (DPR) is currently 108.17%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. JPMorgan Chase & Co. lowered their target price on PepsiCo from $157.00 to $151.00 and set a “neutral” rating on the stock in a research report on Monday, October 6th. Bank of America lifted their price objective on shares of PepsiCo from $150.00 to $155.00 and gave the company a “neutral” rating in a research note on Friday, October 10th. Loop Capital set a $164.00 target price on shares of PepsiCo in a research report on Thursday, October 23rd. Wells Fargo & Company boosted their price target on shares of PepsiCo from $150.00 to $154.00 and gave the stock a “positive” rating in a research report on Friday, October 10th. Finally, DZ Bank upgraded shares of PepsiCo from a “hold” rating to a “buy” rating and set a $167.00 price objective for the company in a report on Tuesday, October 21st. Seven investment analysts have rated the stock with a Buy rating, fourteen have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $156.90.

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.