Oliver Luxxe Assets LLC Buys 435 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Oliver Luxxe Assets LLC boosted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 22,338 shares of the company’s stock after acquiring an additional 435 shares during the quarter. Oliver Luxxe Assets LLC’s holdings in PepsiCo were worth $3,909,000 as of its most recent SEC filing.

Several other institutional investors have also added to or reduced their stakes in the stock. Cerity Partners LLC lifted its position in PepsiCo by 59.4% during the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock worth $168,747,000 after buying an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC lifted its position in PepsiCo by 0.4% during the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock worth $4,747,000 after buying an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC bought a new stake in PepsiCo during the 4th quarter worth about $405,000. Householder Group Estate & Retirement Specialist LLC lifted its position in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock worth $2,091,000 after buying an additional 3,159 shares in the last quarter. Finally, Marion Wealth Management lifted its position in PepsiCo by 31.7% during the 4th quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock worth $1,340,000 after buying an additional 1,900 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.2 %

Shares of PEP opened at $162.89 on Tuesday. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $192.38. The firm has a market cap of $223.94 billion, a P/E ratio of 24.49, a price-to-earnings-growth ratio of 2.71 and a beta of 0.52. The firm’s 50-day simple moving average is $173.37 and its 200 day simple moving average is $170.30. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the business earned $1.50 EPS. PepsiCo’s quarterly revenue was up 2.3% on a year-over-year basis. On average, analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current 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 given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.33%. The ex-dividend date was Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is presently 81.50%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several analyst reports. Barclays cut their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating on the stock in a research report on Wednesday, June 12th. Argus cut 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 shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a report on Wednesday, June 26th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a report on Tuesday, April 23rd. Finally, Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo has a consensus rating of “Hold” and a consensus target price of $186.38.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the 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 transaction, the chief executive officer now owns 53,953 shares in the company, valued at approximately $9,603,634. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.14% of the company’s stock.

PepsiCo Company 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.