Kiley Juergens Wealth Management LLC Takes $730,000 Position in PepsiCo, Inc. $PEP

Kiley Juergens Wealth Management LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 4,704 shares of the company’s stock, valued at approximately $730,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of PEP. Brighton Jones LLC grew its stake in PepsiCo by 12.4% during the 4th quarter. Brighton Jones LLC now owns 59,392 shares of the company’s stock worth $9,031,000 after buying an additional 6,574 shares during the last quarter. Caxton Associates LLP acquired a new position in shares of PepsiCo during the first quarter valued at $251,000. Sivia Capital Partners LLC grew its position in shares of PepsiCo by 138.5% during the second quarter. Sivia Capital Partners LLC now owns 6,527 shares of the company’s stock worth $862,000 after acquiring an additional 3,790 shares during the last quarter. Schnieders Capital Management LLC. increased its holdings in shares of PepsiCo by 10.1% in the 2nd quarter. Schnieders Capital Management LLC. now owns 38,164 shares of the company’s stock worth $5,039,000 after acquiring an additional 3,502 shares during the period. Finally, Sei Investments Co. lifted its position in PepsiCo by 45.5% in the 2nd quarter. Sei Investments Co. now owns 536,133 shares of the company’s stock valued at $70,789,000 after purchasing an additional 167,707 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

More PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: Investors are buying ahead of PepsiCo’s July 9 Q2 earnings release, with hopes the company will show that its pricing reset and product simplification plan is improving sales volumes. PepsiCo Rises Ahead of Q2 Results as Investors Bet Turnaround Gains Are Holding
• Positive Sentiment: Analysts and market commentators are flagging PEP as a potential value opportunity, with Jim Cramer citing market rotation as creating buying chances in quality defensive stocks like PepsiCo. PepsiCo and more: Jim Cramer says market rotation is creating buying chances, picks 4 stocks
• Positive Sentiment: PepsiCo is also benefiting from product and brand activity, including new “dirty soda” inspired offerings and other marketing initiatives that could support growth. PepsiCo embraces dirty soda trend with Dirty Mountain Dew and Mug Root Beer Floats
• Neutral Sentiment: Several recent headlines are centered on earnings-week positioning and expected stock volatility, reinforcing that upcoming results are the main near-term catalyst for PEP. Here’s How Much PepsiCo Stock Is Expected to Move After Earnings
• Negative Sentiment: Some recent coverage highlights lingering concern that PepsiCo’s turnaround may be losing momentum, and Barclays recently cut its price target, pointing to pressure from slower North American demand. PEP Stock Faces Fresh Pressure: Barclays Cuts Price Target, Warns Turnaround Is Losing Steam Ahead Of Q2 Earnings

PepsiCo Price Performance

NASDAQ PEP traded up $4.15 on Tuesday, reaching $147.44. The company’s stock had a trading volume of 2,597,007 shares, compared to its average volume of 7,816,218. PepsiCo, Inc. has a twelve month low of $132.96 and a twelve month high of $171.48. The company has a debt-to-equity ratio of 1.98, a quick ratio of 0.72 and a current ratio of 0.90. The firm’s 50 day moving average is $146.59 and its two-hundred day moving average is $151.71. The stock has a market cap of $201.52 billion, a PE ratio of 23.13, a PEG ratio of 2.91 and a beta of 0.36.

PepsiCo (NASDAQ:PEP) last released its earnings results on Wednesday, April 15th. The company reported $1.61 EPS for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The business had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The business’s revenue for the quarter was up 8.5% on a year-over-year basis. During the same period in the previous year, the firm earned $1.48 EPS. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.62 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 30th. Stockholders of record on Friday, June 5th were given a dividend of $1.48 per share. This represents a $5.92 dividend on an annualized basis and a dividend yield of 4.0%. This is a boost from PepsiCo’s previous quarterly dividend of $1.42. The ex-dividend date of this dividend was Friday, June 5th. PepsiCo’s payout ratio is presently 92.94%.

Analyst Ratings Changes

Several research analysts have commented on the stock. BNP Paribas Exane upped their target price on shares of PepsiCo from $191.00 to $195.00 and gave the stock an “outperform” rating in a research report on Friday, April 17th. Sanford C. Bernstein set a $142.00 price objective on PepsiCo and gave the stock a “market perform” rating in a research report on Wednesday, July 1st. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a report on Wednesday, April 8th. Jefferies Financial Group set a $162.00 target price on PepsiCo in a research report on Thursday, June 25th. Finally, Wall Street Zen lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Saturday, April 18th. Eight 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. According to MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $165.00.

PepsiCo Profile

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.