Goldstein Advisors LLC Has $424,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Goldstein Advisors LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 9.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 2,570 shares of the company’s stock after purchasing an additional 224 shares during the quarter. Goldstein Advisors LLC’s holdings in PepsiCo were worth $424,000 as of its most recent SEC filing.

Several other hedge funds have also recently added to or reduced their stakes in PEP. GUNN & Co INVESTMENT MANAGEMENT INC. lifted its holdings in PepsiCo by 1,129.9% during the fourth quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock worth $39,585,000 after acquiring an additional 214,122 shares in the last quarter. 1900 Wealth Management LLC lifted its holdings in shares of PepsiCo by 10.1% during the 4th quarter. 1900 Wealth Management LLC now owns 3,807 shares of the company’s stock valued at $647,000 after purchasing an additional 348 shares in the last quarter. Larson Financial Group LLC grew its position in shares of PepsiCo by 1.7% in the 4th quarter. Larson Financial Group LLC now owns 4,385 shares of the company’s stock valued at $745,000 after purchasing an additional 72 shares during the period. Marks Group Wealth Management Inc increased its stake in PepsiCo by 6.6% during the 4th quarter. Marks Group Wealth Management Inc now owns 3,402 shares of the company’s stock worth $578,000 after purchasing an additional 212 shares in the last quarter. Finally, GAMMA Investing LLC acquired a new stake in PepsiCo during the 4th quarter worth approximately $1,963,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently issued reports on PEP shares. BNP Paribas started coverage on shares of PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price objective for the company. Morgan Stanley dropped their price target on PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a research note on Friday, July 12th. JPMorgan Chase & Co. reduced their price objective on PepsiCo from $184.00 to $182.00 and set a “neutral” rating for the company in a research report on Friday, July 12th. Wells Fargo & Company dropped 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, DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target for the company. in a research report on Friday, July 19th. Eight equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Hold” and an average target price of $185.53.

PepsiCo Stock Performance

NASDAQ PEP traded down $0.63 on Friday, hitting $175.11. 2,403,692 shares of the stock were exchanged, compared to its average volume of 5,449,965. The business’s fifty day moving average is $168.94 and its 200 day moving average is $170.66. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $183.41. The company has a market capitalization of $240.53 billion, a PE ratio of 25.27, a P/E/G ratio of 2.98 and a beta of 0.52. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s revenue was up .8% on a year-over-year basis. During the same period last year, the business posted $2.09 EPS. Research analysts anticipate that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Shareholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Friday, September 6th. PepsiCo’s dividend payout ratio is 78.66%.

PepsiCo 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.