Congress Wealth Management LLC DE Acquires New Stake in PepsiCo, Inc. (NASDAQ:PEP)

Congress Wealth Management LLC DE acquired a new stake in PepsiCo, Inc. (NASDAQ:PEPGet Rating) during the 4th quarter, according to its most recent disclosure with the SEC. The fund acquired 10,145 shares of the company’s stock, valued at approximately $1,763,000.

A number of other institutional investors and hedge funds also recently bought and sold shares of the stock. OLD Mission Capital LLC bought a new stake in PepsiCo during the 3rd quarter worth about $256,000. Wolff Wiese Magana LLC lifted its position in PepsiCo by 8.5% during the 3rd quarter. Wolff Wiese Magana LLC now owns 9,218 shares of the company’s stock worth $1,386,000 after buying an additional 720 shares in the last quarter. Keudell Morrison Wealth Management lifted its position in PepsiCo by 5.7% during the 3rd quarter. Keudell Morrison Wealth Management now owns 5,324 shares of the company’s stock worth $801,000 after buying an additional 289 shares in the last quarter. Jag Capital Management LLC lifted its position in PepsiCo by 7.3% during the 3rd quarter. Jag Capital Management LLC now owns 22,810 shares of the company’s stock worth $3,431,000 after buying an additional 1,547 shares in the last quarter. Finally, Good Life Advisors LLC lifted its position in PepsiCo by 17.8% during the 3rd quarter. Good Life Advisors LLC now owns 3,145 shares of the company’s stock worth $473,000 after buying an additional 476 shares in the last quarter. 71.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of NASDAQ:PEP opened at $170.42 on Tuesday. The company’s 50 day moving average price is $165.86 and its two-hundred day moving average price is $166.28. PepsiCo, Inc. has a 12-month low of $141.73 and a 12-month high of $177.24. The firm has a market cap of $235.63 billion, a PE ratio of 31.04, a PEG ratio of 3.42 and a beta of 0.65. The company has a quick ratio of 0.66, a current ratio of 0.83 and a debt-to-equity ratio of 2.23.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Thursday, February 10th. The company reported $1.53 earnings per share (EPS) for the quarter, hitting the Zacks’ consensus estimate of $1.53. PepsiCo had a net margin of 9.59% and a return on equity of 56.42%. The firm had revenue of $25.25 billion for the quarter, compared to analyst estimates of $24.24 billion. During the same quarter in the prior year, the business posted $1.47 EPS. The business’s revenue was up 12.4% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 6.64 EPS for the current year.

The company also recently declared a quarterly dividend, which was paid on Thursday, March 31st. Stockholders of record on Friday, March 4th were issued a dividend of $1.075 per share. This represents a $4.30 dividend on an annualized basis and a dividend yield of 2.52%. The ex-dividend date of this dividend was Thursday, March 3rd. PepsiCo’s dividend payout ratio (DPR) is presently 78.32%.

PEP has been the topic of a number of research analyst reports. Barclays dropped their target price on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating on the stock in a report on Monday, February 14th. Deutsche Bank Aktiengesellschaft upped their target price on shares of PepsiCo from $171.00 to $173.00 and gave the company a “hold” rating in a report on Tuesday, April 12th. Argus upped their target price on shares of PepsiCo from $180.00 to $195.00 and gave the company a “buy” rating in a report on Tuesday, January 4th. Zacks Investment Research raised shares of PepsiCo from a “sell” rating to a “hold” rating and set a $180.00 target price on the stock in a report on Monday, April 4th. Finally, Credit Suisse Group dropped their target price on shares of PepsiCo from $166.00 to $164.00 and set a “neutral” rating on the stock in a report on Friday, February 11th. Eight investment analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Buy” and a consensus target price of $173.31.

PepsiCo Profile (Get Rating)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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