Breakwater Capital Group Acquires 104 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Breakwater Capital Group increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.3% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,552 shares of the company’s stock after purchasing an additional 104 shares during the quarter. Breakwater Capital Group’s holdings in PepsiCo were worth $797,000 as of its most recent filing with the SEC.

A number of other large investors have also bought and sold shares of PEP. Sandy Cove Advisors LLC grew its stake in shares of PepsiCo by 29.5% during the 1st quarter. Sandy Cove Advisors LLC now owns 4,621 shares of the company’s stock worth $809,000 after acquiring an additional 1,054 shares in the last quarter. D.B. Root & Company LLC grew its stake in shares of PepsiCo by 38.4% during the 1st quarter. D.B. Root & Company LLC now owns 4,112 shares of the company’s stock worth $720,000 after acquiring an additional 1,140 shares in the last quarter. Trilogy Capital Inc. grew its stake in shares of PepsiCo by 40.9% during the 1st quarter. Trilogy Capital Inc. now owns 3,315 shares of the company’s stock worth $580,000 after acquiring an additional 962 shares in the last quarter. Red Door Wealth Management LLC boosted its holdings in shares of PepsiCo by 7.7% in the 1st quarter. Red Door Wealth Management LLC now owns 28,275 shares of the company’s stock valued at $4,948,000 after buying an additional 2,012 shares during the last quarter. Finally, Cornerstone Wealth Group LLC boosted its holdings in shares of PepsiCo by 12.8% in the 1st quarter. Cornerstone Wealth Group LLC now owns 40,435 shares of the company’s stock valued at $7,077,000 after buying an additional 4,579 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the transaction, the chief executive officer now owns 53,953 shares in the company, valued at $9,603,634. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by company insiders.

PepsiCo Stock Down 0.8 %

PEP stock opened at $164.93 on Monday. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The stock has a market capitalization of $226.74 billion, a price-to-earnings ratio of 24.80, a PEG ratio of 2.71 and a beta of 0.52. The business’s fifty day moving average price is $173.37 and its two-hundred day moving average price is $170.30. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion for 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 company’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same quarter last year, the business earned $1.50 EPS. On average, equities analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, June 28th. Investors of record on Friday, June 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.29%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 81.50%.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently commented on the company. Barclays cut their price objective on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Wedbush reissued an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. JPMorgan Chase & Co. increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Finally, Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a report on Monday, March 18th. Seven analysts have rated the stock with a hold rating and six have issued a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $186.38.

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.