Legacy Capital Wealth Partners LLC Acquires 122 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Legacy Capital Wealth Partners LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 9.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 1,419 shares of the company’s stock after buying an additional 122 shares during the quarter. Legacy Capital Wealth Partners LLC’s holdings in PepsiCo were worth $241,000 at the end of the most recent reporting period.

Several other large investors have also added to or reduced their stakes in the business. LFA Lugano Financial Advisors SA grew its holdings in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after acquiring an additional 70 shares in the last quarter. Life Planning Partners Inc purchased a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC bought a new position in PepsiCo during the fourth quarter worth about $36,000. Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the fourth quarter valued at approximately $39,000. Finally, Avion Wealth lifted its stake in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

PEP stock opened at $176.14 on Tuesday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm has a market cap of $242.16 billion, a P/E ratio of 26.49, a P/E/G ratio of 2.86 and a beta of 0.53. The firm’s fifty day moving average is $169.60 and its 200 day moving average is $168.05. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same period last year, the company earned $1.50 EPS. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. Research analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 76.09%.

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.