PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by OneAscent Wealth Management LLC

OneAscent Wealth Management LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.2% during the 1st quarter, Holdings Channel.com reports. The firm owned 6,038 shares of the company’s stock after purchasing an additional 246 shares during the quarter. OneAscent Wealth Management LLC’s holdings in PepsiCo were worth $1,064,000 as of its most recent SEC filing.

Several other institutional investors also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% during the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares during the period. Fortis Group Advisors LLC raised its stake in shares of PepsiCo by 100.0% during the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc acquired a new position in PepsiCo during the 4th quarter valued at about $34,000. Naples Money Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth about $36,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $39,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded down $1.33 during trading hours on Friday, reaching $164.93. The company had a trading volume of 8,756,033 shares, compared to its average volume of 5,392,291. The firm has a market capitalization of $226.74 billion, a PE ratio of 24.80, a PEG ratio of 2.73 and a beta of 0.52. The stock has a 50-day moving average of $173.37 and a two-hundred day moving average of $170.30. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business’s revenue was up 2.3% on a year-over-year basis. During the same period last year, the firm posted $1.50 EPS. Analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were given a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.29%. The ex-dividend date was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on the company. Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a report on Wednesday, June 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. boosted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research report on Wednesday. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research report on Monday, March 18th. Finally, Jefferies Financial Group boosted their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $186.38.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

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.