Wick Capital Partners LLC Acquires New Holdings in PepsiCo, Inc. $PEP

Wick Capital Partners LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 10,130 shares of the company’s stock, valued at approximately $1,454,000.

Several other institutional investors also recently modified their holdings of PEP. Cypress Capital Management LLC WY increased its holdings in PepsiCo by 8.3% in the 4th quarter. Cypress Capital Management LLC WY now owns 838 shares of the company’s stock worth $121,000 after purchasing an additional 64 shares in the last quarter. United Bank boosted its stake in shares of PepsiCo by 3.9% during the fourth quarter. United Bank now owns 1,717 shares of the company’s stock valued at $246,000 after purchasing an additional 65 shares in the last quarter. Koa Wealth Management LLC grew its holdings in shares of PepsiCo by 0.9% during the fourth quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock worth $1,149,000 after purchasing an additional 68 shares during the last quarter. Pettinga Financial Advisors LLC increased its stake in shares of PepsiCo by 3.8% in the fourth quarter. Pettinga Financial Advisors LLC now owns 1,880 shares of the company’s stock valued at $270,000 after buying an additional 68 shares during the period. Finally, Tiemann Investment Advisors LLC raised its holdings in PepsiCo by 4.0% in the 3rd quarter. Tiemann Investment Advisors LLC now owns 1,807 shares of the company’s stock valued at $254,000 after buying an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

PEP has been the topic of several recent research reports. UBS Group cut their target price on shares of PepsiCo from $190.00 to $186.00 and set a “buy” rating on the stock in a research report on Tuesday, April 7th. BNP Paribas Exane raised their price target on shares of PepsiCo from $191.00 to $195.00 and gave the company an “outperform” rating in a research note on Friday, April 17th. Wells Fargo & Company reduced their price objective on shares of PepsiCo from $160.00 to $150.00 and set an “equal weight” rating on the stock in a research note on Friday, June 5th. Wall Street Zen downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Saturday, April 18th. Finally, HSBC raised their target price on PepsiCo from $175.00 to $176.00 and gave the stock a “hold” rating in a research report on Friday, April 17th. Eight research analysts have rated the stock with a Buy rating, eleven have given a Hold rating and one has issued a Sell rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and a consensus price target of $167.10.

PepsiCo Trading Up 0.3%

NASDAQ:PEP opened at $142.02 on Friday. The firm’s fifty day moving average is $150.15 and its 200-day moving average is $152.31. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. PepsiCo, Inc. has a 52 week low of $127.60 and a 52 week high of $171.48. The firm has a market cap of $194.11 billion, a P/E ratio of 22.30, a P/E/G ratio of 2.57 and a beta of 0.35.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.55 by $0.06. The company had revenue of $19.44 billion during the quarter, compared to analysts’ expectations of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. PepsiCo’s revenue for the quarter was up 8.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.48 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.63 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th will be given a $1.48 dividend. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend is Friday, June 5th. This represents a $5.92 annualized dividend and a dividend yield of 4.2%. PepsiCo’s dividend payout ratio is 92.94%.

About PepsiCo

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.