Lighthouse Financial Services Inc. ADV Acquires New Position in PepsiCo, Inc. $PEP

Lighthouse Financial Services Inc. ADV acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, Holdings Channel reports. The fund acquired 20,386 shares of the company’s stock, valued at approximately $2,926,000.

Several other institutional investors also recently bought and sold shares of the company. Koa Wealth Management LLC grew its position in PepsiCo by 0.9% during the 4th quarter. Koa Wealth Management LLC now owns 8,007 shares of the company’s stock valued at $1,149,000 after purchasing an additional 68 shares during the last quarter. Facet Wealth Inc. grew its position in PepsiCo by 3.2% during the 3rd quarter. Facet Wealth Inc. now owns 2,221 shares of the company’s stock valued at $312,000 after purchasing an additional 69 shares during the last quarter. Hudock Inc. grew its position in PepsiCo by 1.0% during the 3rd quarter. Hudock Inc. now owns 7,079 shares of the company’s stock valued at $994,000 after purchasing an additional 70 shares during the last quarter. Delta Asset Management LLC TN grew its position in PepsiCo by 0.6% during the 3rd quarter. Delta Asset Management LLC TN now owns 11,000 shares of the company’s stock valued at $1,545,000 after purchasing an additional 70 shares during the last quarter. Finally, Westside Investment Management Inc. grew its position in PepsiCo by 2.8% during the 3rd quarter. Westside Investment Management Inc. now owns 2,602 shares of the company’s stock valued at $366,000 after purchasing an additional 70 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $154.62 on Friday. The firm’s 50-day moving average price is $157.25 and its 200-day moving average price is $152.50. The company has a quick ratio of 0.72, a current ratio of 0.90 and a debt-to-equity ratio of 1.98. The company has a market cap of $211.33 billion, a PE ratio of 24.27, a PEG ratio of 2.86 and a beta of 0.38. PepsiCo, Inc. has a 52-week low of $127.60 and a 52-week high of $171.48.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Wednesday, April 15th. The company reported $1.61 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.55 by $0.06. The company had revenue of $19.44 billion for the quarter, compared to the consensus estimate of $18.89 billion. PepsiCo had a net margin of 9.15% and a return on equity of 56.61%. The firm’s revenue was up 8.5% compared to the same quarter last year. During the same quarter last year, the firm posted $1.48 earnings per share. As a group, analysts anticipate that PepsiCo, Inc. will post 8.63 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 30th. Investors of record on Friday, June 5th will be issued a $1.48 dividend. The ex-dividend date of this dividend is Friday, June 5th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.42. This represents a $5.92 dividend on an annualized basis and a dividend yield of 3.8%. PepsiCo’s payout ratio is 89.32%.

PepsiCo announced that its Board of Directors has approved a share repurchase program on Tuesday, February 3rd that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the company to buy up to 4.7% of its stock through open market purchases. Stock repurchase programs are usually an indication that the company’s leadership believes its stock is undervalued.

Key PepsiCo News

Here are the key news stories impacting PepsiCo this week:

• Positive Sentiment: PepsiCo announced a new partnership in the UAE’s Future Industries Lab to support SMEs and young Emiratis, reinforcing its innovation and local investment strategy. MoIAT expands Future Industries Lab with new PepsiCo partnership supporting SMEs and young Emiratis
• Positive Sentiment: PepsiCo and TalusAg Renewables announced a low-carbon ammonia agreement, an ESG-oriented move that could improve supply-chain sustainability and appeal to investors focused on emissions reduction. PepsiCo and TalusAg Renewables announce low-carbon ammonia attribute agreement to help accelerate fertilizer decarbonization
• Positive Sentiment: Multiple articles highlighted PepsiCo’s continued investment in China and its focus on international growth, product innovation, and cost discipline, which supports the long-term bull case. PepsiCo to ‘continue investing’ in Chinese market

Wall Street Analysts Forecast Growth

Several analysts recently commented on the stock. Weiss Ratings reissued a “hold (c)” rating on shares of PepsiCo in a research report on Wednesday, April 8th. HSBC raised their price target on shares of PepsiCo from $175.00 to $176.00 and gave the company a “hold” rating in a report on Friday, April 17th. TD Cowen raised their price target on shares of PepsiCo from $162.00 to $165.00 and gave the company a “hold” rating in a report on Friday, February 20th. The Goldman Sachs Group raised their price target on shares of PepsiCo from $180.00 to $183.00 and gave the company a “buy” rating in a report on Friday, April 17th. Finally, Deutsche Bank Aktiengesellschaft raised their price target on shares of PepsiCo from $169.00 to $173.00 and gave the company a “buy” rating in a report on Friday, April 17th. Eight investment analysts have rated the stock with a Buy rating, ten have assigned a Hold rating and one has issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and a consensus price target of $170.26.

PepsiCo Profile

PepsiCo, Inc (NASDAQ: PEP) is a multinational food and beverage company headquartered in Purchase, New York. The company develops, manufactures, markets and sells a broad portfolio of branded food and beverage products, including carbonated and noncarbonated soft drinks, bottled water, sports drinks, juices, ready-to-drink teas and coffees, salty snacks, cereals, and other convenient foods. Its leading consumer brands include Pepsi, Mountain Dew, Gatorade, Tropicana, Quaker, Lay’s, Doritos and Cheetos, among others.

Formed through the 1965 merger of Pepsi-Cola and Frito-Lay, PepsiCo has grown into a global business with integrated manufacturing, distribution and marketing operations.