PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by Financial Architects Inc

Financial Architects Inc boosted its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,696 shares of the company’s stock after buying an additional 411 shares during the period. Financial Architects Inc’s holdings in PepsiCo were worth $5,289,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in PEP. Paragon Wealth Strategies LLC acquired a new stake in shares of PepsiCo during the second quarter worth $30,000. Cowen Prime Advisors LLC acquired a new stake in PepsiCo in the second quarter valued at about $34,000. Twin Lakes Capital Management LLC acquired a new position in PepsiCo during the 2nd quarter worth approximately $48,000. Wagner Wealth Management LLC acquired a new stake in shares of PepsiCo in the 1st quarter valued at approximately $53,000. Finally, Baron Financial Group LLC boosted its stake in shares of PepsiCo by 54.0% in the first quarter. Baron Financial Group LLC now owns 385 shares of the company’s stock valued at $54,000 after buying an additional 135 shares in the last quarter. Hedge funds and other institutional investors own 70.55% of the company’s stock.

NASDAQ PEP traded up $0.22 on Wednesday, reaching $155.37. The company had a trading volume of 84,438 shares, compared to its average volume of 4,954,938. The company has a debt-to-equity ratio of 2.47, a current ratio of 0.91 and a quick ratio of 0.70. PepsiCo, Inc. has a 1 year low of $128.32 and a 1 year high of $159.63. The firm has a 50-day moving average of $155.51 and a 200-day moving average of $147.54. The firm has a market capitalization of $214.74 billion, a PE ratio of 26.28, a P/E/G ratio of 2.96 and a beta of 0.60.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Monday, July 12th. The company reported $1.72 earnings per share for the quarter, beating analysts’ consensus estimates of $1.53 by $0.19. PepsiCo had a net margin of 11.01% and a return on equity of 59.56%. The company had revenue of $19.22 billion during the quarter, compared to analysts’ expectations of $17.95 billion. During the same period in the prior year, the company posted $1.32 EPS. The firm’s revenue for the quarter was up 20.5% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 6.24 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, September 30th. Shareholders of record on Friday, September 3rd will be paid a dividend of $1.075 per share. The ex-dividend date of this dividend is Thursday, September 2nd. This represents a $4.30 dividend on an annualized basis and a yield of 2.77%. PepsiCo’s dividend payout ratio (DPR) is 77.90%.

A number of research analysts have recently weighed in on PEP shares. Citigroup raised their price target on PepsiCo from $162.00 to $176.00 and gave the company a “buy” rating in a research report on Wednesday, July 14th. Truist upped their price target on shares of PepsiCo from $135.00 to $160.00 and gave the company a “hold” rating in a report on Wednesday, July 14th. Wells Fargo & Company boosted their price target on PepsiCo from $147.00 to $160.00 and gave the stock an “equal weight” rating in a report on Wednesday, July 14th. Zacks Investment Research cut shares of PepsiCo from a “buy” rating to a “hold” rating and set a $164.00 price target on the stock. in a research note on Monday, August 9th. Finally, Royal Bank of Canada boosted their price objective on shares of PepsiCo from $153.00 to $155.00 and gave the company a “sector perform” rating in a research report on Wednesday, July 14th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and six have issued a buy rating to the company. According to data from MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $159.58.

In related news, SVP Marie T. Gallagher sold 7,409 shares of PepsiCo stock in a transaction dated Monday, July 19th. The stock was sold at an average price of $155.70, for a total value of $1,153,581.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 0.14% of the stock is currently owned by insiders.

PepsiCo Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution and sale of beverages, food, and snacks. It is a food and beverage company with a complementary portfolio of brands, including Frito-Lay, Gatorade, Pepsi-Cola, Quaker, and Tropicana. It operates through the following business segments: Frito-Lay North America; Quaker Foods North America; PepsiCo Beverages North America; Latin America; Europe; and Africa, Middle East and South Asia The Frito-Lay North America segment markets, distributes, and sells snack foods under the Lay’s, Doritos, Cheetos, Tostitos, Fritos, Ruffles, and Santitas brands.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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