One Plus One Wealth Management LLC Has $557,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Posted by on Jun 25th, 2023

One Plus One Wealth Management LLC lessened its position in PepsiCo, Inc. (NASDAQ:PEP – Get Rating) by 1.8% during the 1st quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 3,058 shares of the company’s stock after selling 57 shares during the period. One Plus One Wealth Management LLC’s holdings in PepsiCo were worth $557,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. lifted its position in PepsiCo by 1.3% during the 3rd quarter. Vanguard Group Inc. now owns 128,842,451 shares of the company’s stock worth $21,034,819,000 after buying an additional 1,611,639 shares in the last quarter. State Street Corp lifted its position in PepsiCo by 0.7% during the 3rd quarter. State Street Corp now owns 59,634,823 shares of the company’s stock worth $9,735,981,000 after buying an additional 423,426 shares in the last quarter. Moneta Group Investment Advisors LLC lifted its position in PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after buying an additional 42,831,405 shares in the last quarter. Morgan Stanley raised its holdings in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after purchasing an additional 4,629,947 shares during the last quarter. Finally, Geode Capital Management LLC raised its holdings in PepsiCo by 1.1% during the 4th quarter. Geode Capital Management LLC now owns 25,637,180 shares of the company’s stock worth $4,622,579,000 after purchasing an additional 267,641 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.

PepsiCo Price Performance

Shares of PEP opened at $186.07 on Friday. The company has a debt-to-equity ratio of 2.18, a quick ratio of 0.65 and a current ratio of 0.87. The stock has a 50 day simple moving average of $187.54 and a 200 day simple moving average of $181.26. PepsiCo, Inc. has a 52-week low of $160.98 and a 52-week high of $196.88. The firm has a market capitalization of $256.35 billion, a PE ratio of 39.17, a P/E/G ratio of 3.25 and a beta of 0.54.

PepsiCo (NASDAQ:PEP – Get Rating) last issued its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.13. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The business had revenue of $17.85 billion during the quarter, compared to analyst estimates of $17.27 billion. During the same period in the previous year, the firm earned $1.29 EPS. PepsiCo’s quarterly revenue was up 10.2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 7.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Friday, June 30th. Shareholders of record on Friday, June 2nd will be given a dividend of $1.265 per share. The ex-dividend date of this dividend is Thursday, June 1st. This represents a $5.06 dividend on an annualized basis and a yield of 2.72%. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. PepsiCo’s dividend payout ratio is 106.53%.

Analyst Upgrades and Downgrades

Several analysts have weighed in on PEP shares. Sanford C. Bernstein raised PepsiCo from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. UBS Group boosted their price objective on PepsiCo from $195.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, April 6th. StockNews.com started coverage on PepsiCo in a report on Thursday, May 18th. They set a “buy” rating for the company. Wells Fargo & Company boosted their price objective on PepsiCo from $187.00 to $196.00 in a report on Wednesday, April 26th. Finally, Morgan Stanley upped their price target on PepsiCo from $200.00 to $210.00 in a research note on Tuesday, April 25th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $190.25.

PepsiCo Company Profile

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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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