LifeSteps Financial Inc. Grows Position in PepsiCo, Inc. (NASDAQ:PEP)

LifeSteps Financial Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 18.7% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,409 shares of the company’s stock after buying an additional 379 shares during the quarter. LifeSteps Financial Inc.’s holdings in PepsiCo were worth $403,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vigilant Capital Management LLC grew its holdings in PepsiCo by 0.6% during the 1st quarter. Vigilant Capital Management LLC now owns 161,513 shares of the company’s stock valued at $27,034,000 after buying an additional 903 shares in the last quarter. TCW Group Inc. lifted its stake in shares of PepsiCo by 44.3% in the 4th quarter. TCW Group Inc. now owns 440,689 shares of the company’s stock valued at $76,553,000 after purchasing an additional 135,394 shares during the last quarter. Wealth Advisors of Iowa LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at approximately $224,000. TRH Financial LLC lifted its stake in shares of PepsiCo by 19.3% in the 1st quarter. TRH Financial LLC now owns 56,012 shares of the company’s stock valued at $9,375,000 after purchasing an additional 9,078 shares during the last quarter. Finally, Canandaigua National Corp lifted its stake in shares of PepsiCo by 2.3% in the 4th quarter. Canandaigua National Corp now owns 59,697 shares of the company’s stock valued at $10,370,000 after purchasing an additional 1,337 shares during the last quarter. Institutional investors and hedge funds own 72.12% of the company’s stock.

In other news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.11, for a total value of $901,816.50. Following the transaction, the executive vice president now directly owns 28,275 shares in the company, valued at approximately $4,951,235.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.61, for a total value of $800,781.60. Following the completion of the transaction, the chief executive officer now owns 8,277 shares in the company, valued at $1,453,523.97. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Shares of NASDAQ PEP opened at $162.03 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $166.98 and a two-hundred day simple moving average of $168.10. The firm has a market cap of $224.04 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a twelve month low of $144.61 and a twelve month high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. During the same period in the previous year, the company posted $1.21 EPS. PepsiCo’s revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be issued a $1.15 dividend. The ex-dividend date is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is currently 62.93%.

Several research firms have recently issued reports on PEP. Guggenheim raised their price objective on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Citigroup raised their price target on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. StockNews.com initiated coverage on PepsiCo in a research note on Thursday, March 31st. They set a “buy” rating for the company. JPMorgan Chase & Co. raised their price target on PepsiCo from $183.00 to $186.00 in a research note on Wednesday, April 27th. Finally, UBS Group decreased their price target on PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a research note on Tuesday. Seven research analysts have rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $177.13.

PepsiCo Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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