Fifth Third Wealth Advisors LLC Has $7.26 Million Holdings in PepsiCo, Inc. $PEP

Fifth Third Wealth Advisors LLC grew its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 8.6% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,763 shares of the company’s stock after buying an additional 3,700 shares during the quarter. Fifth Third Wealth Advisors LLC’s holdings in PepsiCo were worth $7,262,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in PEP. Provenance Wealth Advisors LLC grew its position in PepsiCo by 357.9% during the 1st quarter. Provenance Wealth Advisors LLC now owns 435 shares of the company’s stock worth $68,000 after purchasing an additional 340 shares in the last quarter. Banque Cantonale Vaudoise grew its holdings in shares of PepsiCo by 49.5% during the first quarter. Banque Cantonale Vaudoise now owns 15,649 shares of the company’s stock valued at $2,430,000 after buying an additional 5,178 shares in the last quarter. Apella Capital LLC raised its position in PepsiCo by 21.3% during the first quarter. Apella Capital LLC now owns 33,498 shares of the company’s stock valued at $5,282,000 after buying an additional 5,875 shares during the period. Godsey & Gibb Inc. lifted its stake in PepsiCo by 2.4% in the 1st quarter. Godsey & Gibb Inc. now owns 140,453 shares of the company’s stock worth $21,811,000 after acquiring an additional 3,352 shares in the last quarter. Finally, Focused Wealth Management Inc boosted its position in PepsiCo by 18.3% during the 1st quarter. Focused Wealth Management Inc now owns 2,364 shares of the company’s stock worth $367,000 after acquiring an additional 366 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Trading Up 0.2%

PepsiCo stock opened at $142.27 on Thursday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $171.48. The company’s fifty day moving average price is $148.99 and its two-hundred day moving average price is $152.13. The company has a debt-to-equity ratio of 1.98, a current ratio of 0.90 and a quick ratio of 0.72. The company has a market capitalization of $194.45 billion, a price-to-earnings ratio of 22.33, a PEG ratio of 2.83 and a beta of 0.35.

PepsiCo (NASDAQ:PEPGet Free Report) last announced its quarterly earnings results on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a return on equity of 56.61% and a net margin of 9.15%.The business’s quarterly revenue was up 8.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.48 earnings per share. On average, analysts forecast that PepsiCo, Inc. will post 8.63 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Tuesday, June 30th. Shareholders of record on Friday, June 5th will be given a dividend of $1.48 per share. The ex-dividend date of this dividend is Friday, June 5th. This is an increase from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a yield of 4.2%. PepsiCo’s dividend payout ratio (DPR) is currently 92.94%.

Trending Headlines about PepsiCo

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Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on PEP. BNP Paribas Exane upped their target price on PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a report on Friday, April 17th. HSBC upped their price objective on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a research note on Friday, April 17th. Sanford C. Bernstein began coverage on shares of PepsiCo in a research report on Thursday, June 11th. They issued a “market perform” rating and a $143.00 target price for the company. The Goldman Sachs Group upped their price target on shares of PepsiCo from $180.00 to $183.00 and gave the stock a “buy” rating in a research note on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $173.00 to $168.00 and set a “buy” rating on the stock in a research note on Thursday, June 18th. Eight equities research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $167.10.

View Our Latest Analysis on PepsiCo

PepsiCo Profile

(Free Report)

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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