Wolff Wiese Magana LLC Buys 328 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Wolff Wiese Magana LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 12,712 shares of the company’s stock after acquiring an additional 328 shares during the period. PepsiCo comprises about 1.5% of Wolff Wiese Magana LLC’s investment portfolio, making the stock its 20th largest position. Wolff Wiese Magana LLC’s holdings in PepsiCo were worth $2,162,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Collective Family Office LLC raised its stake in shares of PepsiCo by 11.8% in the first quarter. Collective Family Office LLC now owns 1,445 shares of the company’s stock valued at $253,000 after acquiring an additional 152 shares during the last quarter. Welch Group LLC raised its position in PepsiCo by 3.6% in the 1st quarter. Welch Group LLC now owns 299,911 shares of the company’s stock valued at $52,487,000 after purchasing an additional 10,350 shares during the last quarter. Stableford Capital II LLC boosted its stake in PepsiCo by 1.6% in the first quarter. Stableford Capital II LLC now owns 6,232 shares of the company’s stock worth $1,091,000 after purchasing an additional 101 shares in the last quarter. Perpetual Ltd grew its holdings in shares of PepsiCo by 24.1% during the first quarter. Perpetual Ltd now owns 12,739 shares of the company’s stock worth $2,229,000 after purchasing an additional 2,477 shares during the last quarter. Finally, Signal Advisors Wealth LLC increased its stake in shares of PepsiCo by 40.2% in the first quarter. Signal Advisors Wealth LLC now owns 4,124 shares of the company’s stock valued at $722,000 after buying an additional 1,183 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $174.48 on Thursday. The stock has a market cap of $239.87 billion, a PE ratio of 25.32, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The stock has a 50-day moving average of $173.68 and a 200-day moving average of $172.10. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.64. PepsiCo, Inc. has a one year low of $158.03 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share for the quarter, topping the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The company had revenue of $23.32 billion for the quarter, compared to analyst estimates of $23.86 billion. During the same period last year, the business posted $2.25 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, September 30th. Investors of record on Friday, September 6th were given a $1.355 dividend. The ex-dividend date was Friday, September 6th. This represents a $5.42 annualized dividend and a dividend yield of 3.11%. PepsiCo’s dividend payout ratio is presently 78.66%.

Analysts Set New Price Targets

A number of brokerages have commented on PEP. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective on the stock. in a report on Friday, July 19th. Barclays lowered their price target on shares of PepsiCo from $186.00 to $183.00 and set an “overweight” rating for the company in a report on Thursday, October 10th. Hsbc Global Res raised PepsiCo to a “hold” rating in a report on Thursday, October 10th. Jefferies Financial Group lowered their target price on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Finally, Redburn Atlantic upgraded PepsiCo to a “strong sell” rating in a report on Thursday, October 10th. One equities research analyst has rated the stock with a sell rating, eleven have issued a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and an average price target of $183.92.

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.