Ghe LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Ghe LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.3% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 11,024 shares of the company’s stock after purchasing an additional 142 shares during the quarter. PepsiCo makes up 1.1% of Ghe LLC’s holdings, making the stock its 22nd largest position. Ghe LLC’s holdings in PepsiCo were worth $1,872,000 as of its most recent SEC filing.

A number of other hedge funds also recently bought and sold shares of PEP. Amplius Wealth Advisors LLC increased its stake in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares in the last quarter. Darwin Wealth Management LLC grew its holdings in PepsiCo by 2.7% during the 3rd quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after buying an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC grew its holdings in PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock valued at $411,000 after buying an additional 61 shares during the last quarter. Beacon Financial Advisory LLC grew its holdings in PepsiCo by 3.1% during the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after buying an additional 65 shares during the last quarter. Finally, Pathway Financial Advisors LLC grew its holdings in PepsiCo by 4.5% during the 3rd quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock valued at $255,000 after buying an additional 65 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the topic of a number of analyst reports. Deutsche Bank Aktiengesellschaft increased their target price on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Barclays raised their price objective on PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a report on Friday, April 12th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. raised their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. Finally, Wedbush restated an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a report on Tuesday. Six analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $187.33.

PepsiCo Stock Performance

PEP stock traded up $6.19 during midday trading on Wednesday, reaching $177.41. The company had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a 50 day moving average price of $169.04 and a 200 day moving average price of $167.70. The firm has a market capitalization of $243.85 billion, a PE ratio of 27.00, a P/E/G ratio of 2.77 and a beta of 0.53. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88.

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

PepsiCo Announces Dividend

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

About PepsiCo

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.