Mission Wealth Management LP Buys 1,739 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Mission Wealth Management LP raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 25,486 shares of the company’s stock after purchasing an additional 1,739 shares during the quarter. Mission Wealth Management LP’s holdings in PepsiCo were worth $4,460,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Valued Wealth Advisors LLC boosted its position in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after acquiring an additional 69 shares in the last quarter. Fortis Group Advisors LLC boosted its position in shares of PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. acquired a new position in PepsiCo in the first quarter valued at about $35,000. Finally, Life Planning Partners Inc acquired a new position in PepsiCo in the fourth quarter valued at about $34,000. Institutional investors own 73.07% of the company’s stock.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the business’s stock in a transaction on Thursday, May 9th. The shares were 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 directly owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a filing with the SEC, which is available through this link. 0.14% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

A number of research firms have commented on PEP. Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. BNP Paribas initiated coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 target price on the stock. Finally, Jefferies Financial Group boosted their price target on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research note on Thursday, May 16th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $186.64.

PepsiCo Stock Up 1.1 %

Shares of NASDAQ:PEP traded up $1.79 during midday trading on Friday, reaching $164.39. 4,208,217 shares of the company were exchanged, compared to its average volume of 4,996,291. The firm has a market cap of $226.00 billion, a PE ratio of 24.72, a P/E/G ratio of 2.67 and a beta of 0.52. 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 fifty-two week low of $155.83 and a fifty-two week high of $192.38. The stock has a fifty day simple moving average of $172.15 and a two-hundred day simple moving average of $170.10.

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

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were paid a $1.355 dividend. The ex-dividend date of this dividend was Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 annualized dividend and a dividend yield of 3.30%. PepsiCo’s dividend payout ratio (DPR) is currently 81.50%.

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.