Johnson & White Wealth Management LLC Raises Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Johnson & White Wealth Management LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 5,730 shares of the company’s stock after buying an additional 364 shares during the quarter. Johnson & White Wealth Management LLC’s holdings in PepsiCo were worth $859,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also made changes to their positions in the company. Tallon Kerry Patrick acquired a new stake in PepsiCo in the 4th quarter valued at $224,000. Brighton Jones LLC boosted its position in PepsiCo by 12.4% in the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock valued at $9,031,000 after buying an additional 6,574 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new position in PepsiCo in the 4th quarter valued at about $9,268,000. Columbus Macro LLC boosted its position in PepsiCo by 29.8% in the 4th quarter. Columbus Macro LLC now owns 2,050 shares of the company’s stock valued at $312,000 after buying an additional 471 shares during the last quarter. Finally, Old North State Wealth Management LLC boosted its position in PepsiCo by 22.7% in the 4th quarter. Old North State Wealth Management LLC now owns 2,995 shares of the company’s stock valued at $457,000 after buying an additional 555 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Price Performance

NASDAQ PEP opened at $131.74 on Thursday. PepsiCo, Inc. has a 12 month low of $127.75 and a 12 month high of $180.91. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $180.63 billion, a PE ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47. The company’s 50 day simple moving average is $136.92 and its 200 day simple moving average is $146.62.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be paid a $1.4225 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.32%. PepsiCo’s dividend payout ratio (DPR) is currently 83.68%.

Analyst Ratings Changes

A number of equities analysts have weighed in on the stock. Wall Street Zen cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Morgan Stanley decreased their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a research report on Friday, April 25th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research report on Thursday, April 24th. Finally, Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average price target of $160.69.

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.