Red Door Wealth Management LLC Purchases 1,250 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Red Door Wealth Management LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 10.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,691 shares of the company’s stock after acquiring an additional 1,250 shares during the quarter. Red Door Wealth Management LLC’s holdings in PepsiCo were worth $2,204,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. West Oak Capital LLC boosted its position in PepsiCo by 0.4% during the fourth quarter. West Oak Capital LLC now owns 14,389 shares of the company’s stock valued at $2,500,000 after buying an additional 60 shares during the period. Lenox Wealth Advisors LLC boosted its holdings in shares of PepsiCo by 4.1% during the fourth quarter. Lenox Wealth Advisors LLC now owns 1,530 shares of the company’s stock worth $266,000 after purchasing an additional 60 shares during the period. Colton Groome Financial Advisors LLC boosted its holdings in shares of PepsiCo by 1.4% during the fourth quarter. Colton Groome Financial Advisors LLC now owns 4,355 shares of the company’s stock worth $757,000 after purchasing an additional 60 shares during the period. Sugarloaf Wealth Management LLC boosted its holdings in shares of PepsiCo by 3.5% during the fourth quarter. Sugarloaf Wealth Management LLC now owns 1,755 shares of the company’s stock worth $305,000 after purchasing an additional 60 shares during the period. Finally, Donald L. Hagan LLC boosted its holdings in shares of PepsiCo by 1.2% during the fourth quarter. Donald L. Hagan LLC now owns 5,118 shares of the company’s stock worth $889,000 after purchasing an additional 60 shares during the period. 72.12% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have recently weighed in on PEP shares. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $183.00 to $186.00 in a report on Wednesday, April 27th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a report on Wednesday, March 9th. Barclays lowered their price objective on shares of PepsiCo from $186.00 to $180.00 and set an “overweight” rating for the company in a report on Monday, February 14th. DZ Bank lowered shares of PepsiCo from a “buy” rating to a “hold” rating and set a $180.00 price objective for the company. in a report on Tuesday, February 15th. Finally, Citigroup raised their price objective on shares of PepsiCo from $194.00 to $198.00 in a report on Wednesday, April 27th. Eight equities research 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 stock presently has an average rating of “Buy” and an average target price of $176.56.

In other PepsiCo news, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the sale, the executive vice president now owns 28,275 shares of the company’s stock, valued at approximately $4,951,235.25. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction that occurred on Monday, May 16th. The stock was sold at an average price of $175.61, for a total transaction of $800,781.60. Following the completion of the sale, the chief executive officer now directly owns 8,277 shares of the company’s stock, valued at approximately $1,453,523.97. The disclosure for this sale can be found here. 0.12% of the stock is owned by company insiders.

Shares of NASDAQ PEP traded up $1.66 on Friday, reaching $171.77. 6,713,488 shares of the company’s stock traded hands, compared to its average volume of 5,636,570. PepsiCo, Inc. has a 12 month low of $144.61 and a 12 month high of $177.62. The business’s 50 day simple moving average is $170.10 and its two-hundred day simple moving average is $168.49. The company has a market cap of $237.50 billion, a price-to-earnings ratio of 23.50, a price-to-earnings-growth ratio of 3.20 and a beta of 0.58. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89.

PepsiCo (NASDAQ:PEPGet Rating) last announced its quarterly earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating the consensus estimate of $1.24 by $0.05. The company had revenue of $16.20 billion during the quarter, compared to the consensus estimate of $15.54 billion. PepsiCo had a net margin of 12.57% and a return on equity of 53.44%. The firm’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.21 earnings per share. Analysts forecast that PepsiCo, Inc. will post 6.64 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Investors of record on Friday, June 3rd will be given a dividend of $1.15 per share. The ex-dividend date is Thursday, June 2nd. This represents a $4.60 annualized dividend and a dividend yield of 2.68%. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. PepsiCo’s dividend payout ratio (DPR) is 58.82%.

About PepsiCo (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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