PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by AAFMAA Wealth Management & Trust LLC

AAFMAA Wealth Management & Trust LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 9,508 shares of the company’s stock after buying an additional 1,180 shares during the quarter. AAFMAA Wealth Management & Trust LLC’s holdings in PepsiCo were worth $1,664,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares in the last quarter. Valued Wealth Advisors LLC grew its holdings in PepsiCo by 77.5% in the first quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock valued at $28,000 after purchasing an additional 69 shares during the period. Fortis Group Advisors LLC raised its stake in shares of PepsiCo by 100.0% during 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 during the period. Life Planning Partners Inc acquired a new stake in PepsiCo in the 4th quarter valued at $34,000. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in PepsiCo in the 1st quarter worth $35,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the stock. Bank of America dropped their target price on shares of PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday. JPMorgan Chase & Co. boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 26th. BNP Paribas began coverage on PepsiCo in a research note on Monday, June 24th. They issued a “neutral” rating and a $174.00 price target on the stock. Jefferies Financial Group boosted their price target on PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Finally, TD Cowen lowered their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating on the stock in a research note on Wednesday, July 3rd. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the company. According to data from MarketBeat, PepsiCo has an average rating of “Moderate Buy” and a consensus target price of $186.87.

PepsiCo Trading Down 1.4 %

NASDAQ:PEP traded down $2.27 on Monday, hitting $162.12. The stock had a trading volume of 5,266,767 shares, compared to its average volume of 5,469,698. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The stock has a market cap of $222.88 billion, a price-to-earnings ratio of 24.46, a PEG ratio of 2.70 and a beta of 0.52. The company has a fifty day moving average price of $172.15 and a two-hundred day moving average price of $170.15. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $192.38.

PepsiCo (NASDAQ:PEP) last posted 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 for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.50 EPS. Equities research analysts expect that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, June 28th. Shareholders of record on Friday, June 7th were paid a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.34%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend was Friday, June 7th. PepsiCo’s dividend payout ratio is 81.50%.

Insiders Place Their Bets

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.14% of the stock is owned by insiders.

PepsiCo Company Profile

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.