WCG Wealth Advisors LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

WCG Wealth Advisors LLC lifted its stake in PepsiCo, Inc. (NASDAQ:PEP) by 23.9% during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 18,777 shares of the company’s stock after buying an additional 3,616 shares during the quarter. WCG Wealth Advisors LLC’s holdings in PepsiCo were worth $3,097,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in PEP. Gilbert & Cook Inc. boosted its holdings in shares of PepsiCo by 23.4% in the 4th quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock worth $1,014,000 after purchasing an additional 1,133 shares during the period. Aveo Capital Partners LLC grew its holdings in shares of PepsiCo by 4.4% in the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock worth $931,000 after purchasing an additional 229 shares during the last quarter. 9258 Wealth Management LLC increased its position in shares of PepsiCo by 56.0% during the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock worth $1,407,000 after acquiring an additional 2,974 shares during the period. Gryphon Financial Partners LLC raised its position in PepsiCo by 81.3% during the 4th quarter. Gryphon Financial Partners LLC now owns 8,105 shares of the company’s stock valued at $1,357,000 after purchasing an additional 3,635 shares in the last quarter. Finally, TrinityPoint Wealth LLC raised its holdings in shares of PepsiCo by 2.5% in the fourth quarter. TrinityPoint Wealth LLC now owns 13,353 shares of the company’s stock valued at $2,268,000 after acquiring an additional 332 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

A number of analysts have weighed in on the company. StockNews.com upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Wednesday, August 28th. Morgan Stanley dropped their price objective on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating on the stock in a report on Friday, July 12th. Jefferies Financial Group cut their price target on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating on the stock in a report on Tuesday, July 9th. Royal Bank of Canada reduced their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research note on Friday, July 12th. Finally, Bank of America decreased their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, July 8th. Seven investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has an average rating of “Moderate Buy” and an average price target of $185.53.

PepsiCo Stock Down 0.9 %

PEP stock opened at $175.21 on Thursday. The company has a market cap of $240.88 billion, a price-to-earnings ratio of 25.43, a PEG ratio of 3.06 and a beta of 0.53. The firm has a 50-day moving average of $173.20 and a two-hundred day moving average of $171.68. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $183.41. The company has a current ratio of 0.83, a quick ratio of 0.64 and a debt-to-equity ratio of 1.87.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, topping analysts’ consensus estimates of $2.16 by $0.12. The company had revenue of $22.50 billion for the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. PepsiCo’s quarterly revenue was up .8% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.09 earnings per share. As a group, analysts forecast that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be given a $1.355 dividend. The ex-dividend date is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.09%. PepsiCo’s payout ratio is 78.66%.

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.