VCI Wealth Management LLC Acquires New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

VCI Wealth Management LLC purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund purchased 6,000 shares of the company’s stock, valued at approximately $1,019,000.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Park Place Capital Corp raised its holdings in PepsiCo by 7.1% during the 3rd quarter. Park Place Capital Corp now owns 4,975 shares of the company’s stock valued at $843,000 after buying an additional 330 shares during the last quarter. BTC Capital Management Inc. raised its holdings in PepsiCo by 0.3% during the 3rd quarter. BTC Capital Management Inc. now owns 66,708 shares of the company’s stock valued at $11,303,000 after buying an additional 175 shares during the last quarter. Founders Financial Securities LLC raised its holdings in PepsiCo by 15.1% during the 3rd quarter. Founders Financial Securities LLC now owns 2,100 shares of the company’s stock valued at $356,000 after buying an additional 276 shares during the last quarter. SJS Investment Consulting Inc. raised its holdings in PepsiCo by 1.8% during the 3rd quarter. SJS Investment Consulting Inc. now owns 11,885 shares of the company’s stock valued at $2,014,000 after buying an additional 209 shares during the last quarter. Finally, Cedar Brook Financial Partners LLC raised its holdings in PepsiCo by 5.8% during the 3rd quarter. Cedar Brook Financial Partners LLC now owns 3,663 shares of the company’s stock valued at $621,000 after buying an additional 202 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock traded down $0.73 during mid-day trading on Thursday, hitting $176.68. The company had a trading volume of 7,436,495 shares, compared to its average volume of 5,872,530. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The stock’s 50 day moving average price is $169.04 and its 200-day moving average price is $167.70. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company has a market capitalization of $242.85 billion, a P/E ratio of 26.50, a P/E/G ratio of 2.69 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.50 earnings per share. Equities research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.86%. The ex-dividend date was Thursday, February 29th. PepsiCo’s payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on PEP. Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Barclays upped their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a report on Thursday. Jefferies Financial Group upped their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday. Finally, Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Company 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.