Western Wealth Management LLC Buys 472 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Western Wealth Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 16,280 shares of the company’s stock after purchasing an additional 472 shares during the quarter. Western Wealth Management LLC’s holdings in PepsiCo were worth $2,765,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PEP. Xponance Inc. raised its holdings in PepsiCo by 1.3% during the 4th quarter. Xponance Inc. now owns 277,606 shares of the company’s stock valued at $47,149,000 after acquiring an additional 3,670 shares during the period. Integral Investment Advisors Inc. raised its holdings in PepsiCo by 13.9% during the 4th quarter. Integral Investment Advisors Inc. now owns 2,974 shares of the company’s stock valued at $505,000 after acquiring an additional 364 shares during the period. Ninety One SA PTY Ltd raised its holdings in PepsiCo by 21.9% during the 4th quarter. Ninety One SA PTY Ltd now owns 67,294 shares of the company’s stock valued at $11,416,000 after acquiring an additional 12,087 shares during the period. Oliver Lagore Vanvalin Investment Group raised its holdings in PepsiCo by 28.5% during the 4th quarter. Oliver Lagore Vanvalin Investment Group now owns 4,318 shares of the company’s stock valued at $733,000 after acquiring an additional 957 shares during the period. Finally, Ninety One UK Ltd raised its holdings in PepsiCo by 0.8% during the 4th quarter. Ninety One UK Ltd now owns 260,498 shares of the company’s stock valued at $44,243,000 after acquiring an additional 2,130 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.0 %

Shares of NASDAQ:PEP traded down $0.07 during midday trading on Friday, hitting $172.20. 1,267,915 shares of the stock traded hands, compared to its average volume of 5,663,262. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The stock has a market capitalization of $236.69 billion, a PE ratio of 26.22, a P/E/G ratio of 2.66 and a beta of 0.53. The business’s 50 day moving average is $168.55 and its two-hundred day moving average is $167.42. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the prior year, the firm earned $1.67 earnings per share. PepsiCo’s revenue was down .6% on a year-over-year basis. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders 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 dividend yield of 2.94%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is 77.02%.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on PEP shares. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price for the company in a research report on Monday, March 18th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $186.92.

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.