Atria Wealth Solutions Inc. Purchases 16,156 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Atria Wealth Solutions Inc. raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 11.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 156,056 shares of the company’s stock after acquiring an additional 16,156 shares during the quarter. Atria Wealth Solutions Inc.’s holdings in PepsiCo were worth $26,662,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Carret Asset Management LLC boosted its position in shares of PepsiCo by 0.9% during the 4th quarter. Carret Asset Management LLC now owns 62,556 shares of the company’s stock worth $10,625,000 after purchasing an additional 555 shares in the last quarter. Wynn Capital LLC bought a new position in shares of PepsiCo during the 4th quarter worth about $607,000. Alaska Permanent Fund Corp boosted its position in shares of PepsiCo by 1.7% during the 4th quarter. Alaska Permanent Fund Corp now owns 63,050 shares of the company’s stock worth $10,708,000 after purchasing an additional 1,030 shares in the last quarter. NewSquare Capital LLC boosted its position in shares of PepsiCo by 3.0% during the 4th quarter. NewSquare Capital LLC now owns 37,322 shares of the company’s stock worth $6,249,000 after purchasing an additional 1,088 shares in the last quarter. Finally, Weatherly Asset Management L. P. boosted its position in shares of PepsiCo by 15.1% during the 4th quarter. Weatherly Asset Management L. P. now owns 6,393 shares of the company’s stock worth $1,093,000 after purchasing an additional 837 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research firms have recently issued reports on PEP. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a report on Monday, March 18th. Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Finally, Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $187.33.

PepsiCo Stock Up 3.6 %

NASDAQ:PEP traded up $6.19 on Wednesday, hitting $177.41. The stock had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock has a market cap of $243.85 billion, a P/E ratio of 27.00, a price-to-earnings-growth ratio of 2.77 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The firm’s fifty day simple moving average is $169.04 and its two-hundred day simple moving average is $167.70.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the business posted $1.50 EPS. Analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.85%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is currently 77.02%.

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.