PepsiCo, Inc. (NASDAQ:PEP) Position Lowered by Etesian Wealth Advisors Inc.

Etesian Wealth Advisors Inc. cut its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 5.1% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,182 shares of the company’s stock after selling 489 shares during the quarter. Etesian Wealth Advisors Inc.’s holdings in PepsiCo were worth $1,607,000 at the end of the most recent reporting period.

Several other institutional investors have also recently added to or reduced their stakes in PEP. Amplius Wealth Advisors LLC boosted its stake in shares of PepsiCo by 2.8% during the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock worth $381,000 after acquiring an additional 60 shares during the period. Sugarloaf Wealth Management LLC lifted its stake in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the last quarter. SYM FINANCIAL Corp boosted its holdings in shares of PepsiCo by 2.7% during the 4th quarter. SYM FINANCIAL Corp now owns 2,290 shares of the company’s stock worth $389,000 after buying an additional 61 shares during the period. Clearwater Capital Advisors LLC raised its holdings in PepsiCo by 2.3% in the 4th quarter. Clearwater Capital Advisors LLC now owns 2,758 shares of the company’s stock valued at $468,000 after acquiring an additional 61 shares during the period. Finally, Security Financial Services INC. boosted its holdings in shares of PepsiCo by 1.6% during the first quarter. Security Financial Services INC. now owns 3,943 shares of the company’s stock worth $690,000 after acquiring an additional 61 shares during the period. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. Jefferies Financial Group boosted their price target on PepsiCo from $209.00 to $211.00 and gave the company a “buy” rating in a research note on Thursday, May 16th. Wedbush restated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Tuesday, April 23rd. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Finally, BNP Paribas assumed coverage on PepsiCo in a report on Monday. They set a “neutral” rating and a $174.00 target price on the stock. Seven research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $186.38.

PepsiCo Stock Performance

PEP stock traded down $0.83 during midday trading on Wednesday, hitting $166.52. The company’s stock had a trading volume of 2,245,176 shares, compared to its average volume of 5,480,675. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $192.38. The stock has a market cap of $228.93 billion, a price-to-earnings ratio of 24.89, a PEG ratio of 2.75 and a beta of 0.52. The stock’s 50-day moving average price is $173.73 and its 200 day moving average price is $170.37. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate 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 return on equity of 57.37% and a net margin of 10.00%. PepsiCo’s quarterly revenue was up 2.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.50 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. This represents a $5.42 dividend on an annualized basis and a yield of 3.25%. The ex-dividend date of this dividend is Friday, June 7th. PepsiCo’s dividend payout ratio is presently 81.50%.

Insider Buying and Selling at PepsiCo

In related news, CEO Ramkumar Krishnan sold 5,620 shares of the firm’s stock in a transaction that occurred on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the transaction, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 0.15% of the company’s stock.

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.