Visionary Wealth Advisors Sells 827 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Visionary Wealth Advisors lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 46,697 shares of the company’s stock after selling 827 shares during the quarter. Visionary Wealth Advisors’ holdings in PepsiCo were worth $7,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds and other institutional investors have also recently modified their holdings of PEP. Tallon Kerry Patrick purchased a new position in PepsiCo in the 4th quarter worth approximately $224,000. Financial & Tax Architects LLC boosted its holdings in shares of PepsiCo by 12.6% during the 4th quarter. Financial & Tax Architects LLC now owns 38,417 shares of the company’s stock valued at $5,842,000 after purchasing an additional 4,309 shares during the last quarter. HB Wealth Management LLC increased its holdings in shares of PepsiCo by 1.6% in the fourth quarter. HB Wealth Management LLC now owns 102,047 shares of the company’s stock worth $15,517,000 after purchasing an additional 1,617 shares during the last quarter. Aaron Wealth Advisors LLC boosted its stake in PepsiCo by 16.2% during the fourth quarter. Aaron Wealth Advisors LLC now owns 7,641 shares of the company’s stock valued at $1,162,000 after buying an additional 1,068 shares during the last quarter. Finally, HF Advisory Group LLC grew its holdings in PepsiCo by 419.7% during the 4th quarter. HF Advisory Group LLC now owns 12,328 shares of the company’s stock valued at $1,874,000 after buying an additional 9,956 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.4%

PEP opened at $131.98 on Monday. PepsiCo, Inc. has a twelve month low of $127.87 and a twelve month high of $182.13. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50 day moving average price of $141.38 and a 200 day moving average price of $149.42. The firm has a market cap of $180.96 billion, a P/E ratio of 18.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

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

PepsiCo Increases Dividend

The firm also recently announced 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. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.31%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is presently 83.68%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on PEP shares. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. JPMorgan Chase & Co. upped their target price on PepsiCo from $158.00 to $159.00 and gave the company a “neutral” rating in a research report on Monday, April 21st. Bank of America lowered their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research report on Friday, April 25th. Finally, Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $160.69.

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.