PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Mosaic Family Wealth Partners LLC

Mosaic Family Wealth Partners LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 16.0% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 9,909 shares of the company’s stock after acquiring an additional 1,370 shares during the quarter. Mosaic Family Wealth Partners LLC’s holdings in PepsiCo were worth $1,734,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. American Trust increased its stake in PepsiCo by 16.1% in the 1st quarter. American Trust now owns 37,463 shares of the company’s stock valued at $6,556,000 after buying an additional 5,201 shares during the period. EverSource Wealth Advisors LLC grew its stake in shares of PepsiCo by 7.8% during the 1st quarter. EverSource Wealth Advisors LLC now owns 8,371 shares of the company’s stock worth $1,473,000 after purchasing an additional 606 shares during the period. DekaBank Deutsche Girozentrale grew its stake in shares of PepsiCo by 6.1% during the 1st quarter. DekaBank Deutsche Girozentrale now owns 2,764,254 shares of the company’s stock worth $480,499,000 after purchasing an additional 160,000 shares during the period. Granite Group Advisors LLC grew its stake in shares of PepsiCo by 22.8% during the 1st quarter. Granite Group Advisors LLC now owns 3,272 shares of the company’s stock worth $573,000 after purchasing an additional 608 shares during the period. Finally, Pathway Financial Advisers LLC acquired a new position in shares of PepsiCo during the 1st quarter worth $5,944,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Company insiders own 0.15% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on PEP. TD Cowen lowered their price target on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Barclays upped their price target on shares of PepsiCo from $179.00 to $187.00 and gave the stock an “overweight” rating in a research note on Friday, July 19th. Wells Fargo & Company lowered their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Wednesday, July 10th. Morgan Stanley decreased their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research report on Friday, July 12th. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Eight analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $185.53.

PepsiCo Trading Up 1.8 %

PEP traded up $3.08 on Friday, reaching $178.04. 6,856,083 shares of the company’s stock were exchanged, compared to its average volume of 5,787,874. The company’s 50 day moving average is $168.15 and its 200-day moving average is $170.13. The company has a market cap of $244.55 billion, a price-to-earnings ratio of 25.84, a PEG ratio of 3.02 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $189.22. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. During the same quarter last year, the company earned $2.09 earnings per share. PepsiCo’s revenue for the quarter was up .8% on a year-over-year basis. Equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.04%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

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.