Tempus Wealth Planning LLC Buys 269 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Tempus Wealth Planning LLC increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 7,387 shares of the company’s stock after acquiring an additional 269 shares during the quarter. Tempus Wealth Planning LLC’s holdings in PepsiCo were worth $1,293,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Core Wealth Partners LLC grew its position in PepsiCo by 2.4% during the first quarter. Core Wealth Partners LLC now owns 6,935 shares of the company’s stock worth $1,213,000 after buying an additional 165 shares in the last quarter. RBA Wealth Management LLC grew its holdings in shares of PepsiCo by 1.2% during the first quarter. RBA Wealth Management LLC now owns 27,763 shares of the company’s stock worth $4,859,000 after purchasing an additional 327 shares in the last quarter. Accel Wealth Management increased its position in shares of PepsiCo by 17.6% in the first quarter. Accel Wealth Management now owns 13,500 shares of the company’s stock worth $2,363,000 after purchasing an additional 2,019 shares during the last quarter. Legacy Wealth Asset Management LLC raised its stake in PepsiCo by 1.6% in the first quarter. Legacy Wealth Asset Management LLC now owns 4,088 shares of the company’s stock valued at $715,000 after purchasing an additional 65 shares in the last quarter. Finally, First Trust Direct Indexing L.P. lifted its position in PepsiCo by 3.3% during the first quarter. First Trust Direct Indexing L.P. now owns 43,340 shares of the company’s stock valued at $7,585,000 after purchasing an additional 1,381 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PEP stock traded down $0.98 during mid-day trading on Thursday, hitting $162.60. The company had a trading volume of 2,879,575 shares, compared to its average volume of 5,397,682. The company has a market capitalization of $223.54 billion, a price-to-earnings ratio of 24.45, a P/E/G ratio of 2.69 and a beta of 0.52. The company has a 50-day moving average price of $172.65 and a 200 day moving average price of $170.19. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $192.38.

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

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.33%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Analysts Set New Price Targets

PEP has been the topic of several recent research reports. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research report on Tuesday, April 23rd. BNP Paribas assumed coverage on shares of PepsiCo in a report on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Barclays decreased their target price on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $186.64.

Insider Buying and Selling at PepsiCo

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the transaction, the chief executive officer now directly owns 53,953 shares of the company’s stock, valued at $9,603,634. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 0.14% of the company’s stock.

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.