Wagner Wealth Management LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Wagner Wealth Management LLC lessened its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 3.6% in the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 3,114 shares of the company’s stock after selling 115 shares during the period. Wagner Wealth Management LLC’s holdings in PepsiCo were worth $467,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. WealthTrak Capital Management LLC bought a new position in PepsiCo during the fourth quarter worth about $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $31,000. Finally, Summit Securities Group LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $33,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on PEP shares. UBS Group cut their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Bank of America cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Citigroup cut their price objective on shares of PepsiCo from $170.00 to $160.00 and set a “buy” rating for the company in a research report on Friday, April 25th. Royal Bank of Canada restated a “sector perform” rating and issued a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Finally, Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their target price 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 issued a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo has an average rating of “Hold” and a consensus price target of $160.69.

PepsiCo Trading Up 0.4%

Shares of PEP opened at $131.41 on Tuesday. The firm has a market cap of $180.17 billion, a price-to-earnings ratio of 18.91, a PEG ratio of 3.09 and a beta of 0.45. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The firm has a 50 day moving average price of $134.45 and a 200-day moving average price of $144.73.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data 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 during 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 revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.61 earnings per share. As a group, equities research analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo’s payout ratio is presently 83.68%.

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.