Insight Wealth Partners LLC Raises Stake in PepsiCo, Inc. (NASDAQ:PEP)

Insight Wealth Partners LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 5.8% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 2,304 shares of the company’s stock after buying an additional 127 shares during the period. Insight Wealth Partners LLC’s holdings in PepsiCo were worth $380,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Valued Wealth Advisors LLC lifted its holdings in PepsiCo by 77.5% in the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after buying an additional 69 shares in the last quarter. Fortis Group Advisors LLC lifted its stake in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after acquiring an additional 97 shares in the last quarter. Kathleen S. Wright Associates Inc. purchased a new position in PepsiCo in the first quarter valued at about $35,000. Naples Money Management LLC acquired a new stake in PepsiCo during the 4th quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo during the 4th quarter valued at approximately $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded up $0.10 during midday trading on Friday, reaching $172.62. The company’s stock had a trading volume of 4,614,804 shares, compared to its average volume of 5,492,265. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The company has a market cap of $237.32 billion, a price-to-earnings ratio of 25.05, a price-to-earnings-growth ratio of 2.98 and a beta of 0.52. The company has a 50 day moving average price of $168.09 and a 200 day moving average price of $170.52. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The company’s quarterly revenue was up .8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.09 EPS. On average, equities research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.14%. The ex-dividend date is Friday, September 6th. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

Several analysts recently issued reports on PEP shares. Bank of America cut their price target on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a report on Monday, July 8th. Jefferies Financial Group decreased their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Morgan Stanley reduced their price objective on PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company lowered their target price on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Finally, StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a research report on Monday, August 12th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $185.53.

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.