PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Maltin Wealth Management Inc.

Maltin Wealth Management Inc. increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 1.4% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,319 shares of the company’s stock after purchasing an additional 103 shares during the period. Maltin Wealth Management Inc.’s holdings in PepsiCo were worth $1,281,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Amplius Wealth Advisors LLC lifted its position in PepsiCo by 2.8% during the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after purchasing an additional 60 shares during the period. Sugarloaf Wealth Management LLC lifted its holdings in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after acquiring an additional 61 shares during the period. SYM FINANCIAL Corp increased its stake in PepsiCo by 2.7% in the fourth quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock valued at $389,000 after acquiring an additional 61 shares during the last quarter. Clearwater Capital Advisors LLC raised its position in PepsiCo by 2.3% during the fourth quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after purchasing an additional 61 shares in the last quarter. Finally, Security Financial Services INC. lifted its stake in PepsiCo by 1.6% during the first quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock worth $690,000 after purchasing an additional 61 shares during the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Insider Activity at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.15% of the stock is owned by company insiders.

PepsiCo Stock Down 0.8 %

NASDAQ:PEP traded down $1.32 during trading hours on Friday, hitting $164.94. 1,955,832 shares of the company traded hands, compared to its average volume of 5,462,269. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a market cap of $226.76 billion, a PE ratio of 24.97, a PEG ratio of 2.74 and a beta of 0.52. The firm’s 50-day simple moving average is $173.68 and its 200-day simple moving average is $170.35. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $192.38.

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

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is 81.50%.

Analyst Upgrades and Downgrades

Several equities analysts recently commented on the stock. Barclays dropped their price objective on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. BNP Paribas assumed coverage on PepsiCo in a research report on Monday. They set a “neutral” rating and a $174.00 price objective on the stock. Morgan Stanley upgraded 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. Jefferies Financial Group upped their price objective on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Finally, JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a report on Wednesday. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Hold” and an average target price of $186.38.

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.