PepsiCo, Inc. (NASDAQ:PEP) Shares Bought by Alpha Omega Wealth Management LLC

Posted by Defense World Staff on Jul 3rd, 2023

Alpha Omega Wealth Management LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 0.3% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 19,433 shares of the company’s stock after purchasing an additional 60 shares during the quarter. Alpha Omega Wealth Management LLC’s holdings in PepsiCo were worth $3,543,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of the stock. Clear Investment Research LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $25,000. Freedom Wealth Alliance LLC acquired a new stake in PepsiCo in the 4th quarter valued at about $29,000. Legend Financial Advisors Inc. grew its stake in shares of PepsiCo by 125.7% in the 4th quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock worth $30,000 after purchasing an additional 93 shares during the last quarter. Red Tortoise LLC bought a new stake in shares of PepsiCo in the 4th quarter worth approximately $30,000. Finally, CarsonAllaria Wealth Management Ltd. lifted its stake in PepsiCo by 604.0% during the fourth quarter. CarsonAllaria Wealth Management Ltd. now owns 176 shares of the company’s stock valued at $32,000 after purchasing an additional 151 shares during the last quarter. Institutional investors and hedge funds own 75.46% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $185.22 on Monday. The company has a quick ratio of 0.65, a current ratio of 0.87 and a debt-to-equity ratio of 2.18. PepsiCo, Inc. has a one year low of $160.98 and a one year high of $196.88. The company has a 50-day moving average price of $187.24. The stock has a market capitalization of $255.18 billion, a P/E ratio of 38.99, a P/E/G ratio of 3.24 and a beta of 0.53.

PepsiCo (NASDAQ:PEP – Free Report) last released its quarterly earnings data on Tuesday, April 25th. The company reported $1.50 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.13. The firm had revenue of $17.85 billion for the quarter, compared to the consensus estimate of $17.27 billion. PepsiCo had a return on equity of 53.68% and a net margin of 7.48%. The firm’s revenue was up 10.2% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.29 earnings per share. On average, equities analysts anticipate that PepsiCo, Inc. will post 7.29 EPS for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were issued a $1.265 dividend. The ex-dividend date was Thursday, June 1st. This is a boost from PepsiCo’s previous quarterly dividend of $1.15. This represents a $5.06 dividend on an annualized basis and a yield of 2.73%. PepsiCo’s dividend payout ratio is currently 106.53%.

Wall Street Analyst Weigh In

Several research firms have issued reports on PEP. Sanford C. Bernstein raised PepsiCo from an “underperform” rating to a “market perform” rating in a report on Monday, March 20th. UBS Group increased their price target on PepsiCo from $195.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, April 6th. Royal Bank of Canada boosted their price objective on PepsiCo from $175.00 to $178.00 in a report on Wednesday, April 26th. Morgan Stanley raised their target price on shares of PepsiCo from $200.00 to $210.00 in a report on Tuesday, April 25th. Finally, Barclays upped their price target on shares of PepsiCo from $201.00 to $206.00 in a research report on Thursday, April 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $190.25.

PepsiCo Profile

(Free Report)

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.