Wilkinson Global Asset Management LLC Invests $214,000 in PepsiCo, Inc. (NASDAQ:PEP)

Wilkinson Global Asset Management LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 1,300 shares of the company’s stock, valued at approximately $214,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Valued Wealth Advisors LLC boosted its stake in shares of PepsiCo by 77.5% during the 1st quarter. Valued Wealth Advisors LLC now owns 158 shares of the company’s stock worth $28,000 after acquiring an additional 69 shares in the last quarter. POM Investment Strategies LLC boosted its position in PepsiCo by 141.3% during the second quarter. POM Investment Strategies LLC now owns 181 shares of the company’s stock worth $30,000 after purchasing an additional 106 shares in the last quarter. Summit Securities Group LLC purchased a new position in shares of PepsiCo in the second quarter valued at $30,000. 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 last quarter. Finally, Kathleen S. Wright Associates Inc. purchased a new stake in shares of PepsiCo in the 1st quarter worth about $35,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.3 %

NASDAQ:PEP traded down $0.60 during trading hours on Friday, reaching $177.34. 6,395,276 shares of the company were exchanged, compared to its average volume of 5,471,998. The firm has a market cap of $243.59 billion, a price-to-earnings ratio of 25.74, a PEG ratio of 2.98 and a beta of 0.53. The stock has a 50 day simple moving average of $170.96 and a 200 day simple moving average of $171.15. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $183.41. The company has a debt-to-equity ratio of 1.87, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, July 11th. The company reported $2.28 earnings per share for the quarter, topping the consensus estimate of $2.16 by $0.12. The business had revenue of $22.50 billion for the quarter, compared to analyst estimates of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. The business’s quarterly revenue was up .8% on a year-over-year basis. During the same period last year, the company posted $2.09 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Investors of record on Friday, September 6th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 annualized dividend and a yield of 3.06%. PepsiCo’s payout ratio is 78.66%.

Analysts Set New Price Targets

A number of equities analysts have issued reports on the stock. TD Cowen cut their target price on shares of PepsiCo from $200.00 to $190.00 and set a “buy” rating for the company in a research report on Wednesday, July 3rd. DZ Bank lowered PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price on the stock. in a research note on Friday, July 19th. BNP Paribas started coverage on PepsiCo in a research report on Monday, June 24th. They set a “neutral” rating and a $174.00 price target for the company. Bank of America reduced their price objective on PepsiCo from $210.00 to $190.00 and set a “buy” rating on the stock in a research report on Monday, July 8th. Finally, Jefferies Financial Group dropped their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Seven investment analysts have rated the stock with a hold rating and eight have given a buy rating to the stock. According to data from MarketBeat.com, PepsiCo currently has an average rating of “Moderate Buy” and a consensus target price of $185.53.

PepsiCo 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.