LongView Wealth Management Buys 560 Shares of PepsiCo, Inc. (NASDAQ:PEP)

LongView Wealth Management raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.0% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 4,299 shares of the company’s stock after acquiring an additional 560 shares during the period. LongView Wealth Management’s holdings in PepsiCo were worth $752,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. LFA Lugano Financial Advisors SA grew its stake in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after buying an additional 70 shares in the last quarter. Fortis Group Advisors LLC grew its stake in shares of PepsiCo by 100.0% in the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock worth $33,000 after buying an additional 97 shares in the last quarter. Life Planning Partners Inc purchased a new position in shares of PepsiCo in the 4th quarter worth $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo in the 4th quarter worth $36,000. Finally, Criterion Capital Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter worth $39,000. 73.07% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly 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 is available through this link. 0.15% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on the stock. Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Barclays dropped their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. BNP Paribas started coverage on shares of PepsiCo in a research report on Monday. They issued a “neutral” rating and a $174.00 price objective for the company. Jefferies Financial Group boosted their price objective on shares of PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research report on Thursday, May 16th. Finally, JPMorgan Chase & Co. boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “neutral” rating in a research report on Wednesday. Seven investment analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $186.38.

PepsiCo Stock Performance

NASDAQ PEP traded down $1.33 during mid-day trading on Friday, reaching $164.93. 8,755,931 shares of the stock were exchanged, compared to its average volume of 5,518,207. The business’s 50 day moving average is $173.37 and its 200-day moving average is $170.30. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The company has a market capitalization of $226.74 billion, a P/E ratio of 24.80, a P/E/G ratio of 2.74 and a beta of 0.52. 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 posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping analysts’ consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same period in the prior year, the business posted $1.50 earnings per share. On average, equities research analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.29%. PepsiCo’s dividend payout ratio is currently 81.50%.

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.