Semus Wealth Partners LLC Acquires 99 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Posted by Defense World Staff on Jul 10th, 2023

Semus Wealth Partners LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 8.4% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,274 shares of the company’s stock after buying an additional 99 shares during the quarter. Semus Wealth Partners LLC’s holdings in PepsiCo were worth $232,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. Clear Investment Research LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $25,000. Freedom Wealth Alliance LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $29,000. Legend Financial Advisors Inc. raised its holdings in shares of PepsiCo by 125.7% in the 4th quarter. Legend Financial Advisors Inc. now owns 167 shares of the company’s stock valued at $30,000 after purchasing an additional 93 shares during the period. Red Tortoise LLC bought a new stake in shares of PepsiCo in the 4th quarter valued at about $30,000. Finally, CarsonAllaria Wealth Management Ltd. raised its holdings in shares of PepsiCo by 604.0% in the 4th 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 period. 75.46% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on PEP shares. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $190.00 to $196.00 and gave the company an “overweight” rating in a report on Monday, April 17th. Wells Fargo & Company increased their price target on shares of PepsiCo from $187.00 to $196.00 in a report on Wednesday, April 26th. StockNews.com started coverage on shares of PepsiCo in a report on Thursday, May 18th. They issued a “buy” rating on the stock. UBS Group increased their price target on shares of PepsiCo from $195.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, April 6th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of PepsiCo from $188.00 to $193.00 in a report on Wednesday, April 26th. One analyst has rated the stock with a sell rating, six have given a hold rating and six have given a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $190.25.

PepsiCo Stock Performance

NASDAQ PEP opened at $183.08 on Monday. The company has a current ratio of 0.87, a quick ratio of 0.65 and a debt-to-equity ratio of 2.18. The firm has a market capitalization of $252.23 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 3.20 and a beta of 0.53. The firm’s 50 day simple moving average is $186.58 and its 200 day simple moving average is $181.93. PepsiCo, Inc. has a 1 year low of $160.98 and a 1 year high of $196.88.

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

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, June 30th. Investors of record on Friday, June 2nd were paid a $1.265 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.15. The ex-dividend date of this dividend was Thursday, June 1st. This represents a $5.06 annualized dividend and a yield of 2.76%. PepsiCo’s dividend payout ratio is presently 106.53%.

About PepsiCo

(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.