Sandy Cove Advisors LLC Buys 1,054 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Sandy Cove Advisors LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 29.5% during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 4,621 shares of the company’s stock after purchasing an additional 1,054 shares during the quarter. Sandy Cove Advisors LLC’s holdings in PepsiCo were worth $809,000 at the end of the most recent quarter.

Several other large investors also recently made changes to their positions in PEP. LFA Lugano Financial Advisors SA lifted its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the last quarter. Fortis Group Advisors LLC raised its stake in PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after acquiring an additional 97 shares during the period. Life Planning Partners Inc acquired a new stake in PepsiCo during the 4th quarter valued at $34,000. Kathleen S. Wright Associates Inc. bought a new position in PepsiCo during the first quarter worth $35,000. Finally, Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at about $36,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Insider Transactions at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction that occurred on Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Company insiders own 0.14% of the company’s stock.

PepsiCo Price Performance

PEP stock opened at $164.93 on Monday. The company’s 50-day moving average price is $173.37 and its two-hundred day moving average price is $170.30. The firm has a market cap of $226.74 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.71 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $192.38.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to the consensus estimate of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 earnings per share. On average, analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. This represents a $5.42 annualized dividend and a yield of 3.29%. PepsiCo’s payout ratio is presently 81.50%.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. upped their target price on PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday, June 26th. 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. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Barclays dropped their target price on PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a report on Wednesday, June 12th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus price target of $186.38.

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.