AMJ Financial Wealth Management Takes $5.81 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

AMJ Financial Wealth Management bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm bought 31,365 shares of the company’s stock, valued at approximately $5,809,000. PepsiCo makes up approximately 2.6% of AMJ Financial Wealth Management’s portfolio, making the stock its 19th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in the company. Avion Wealth lifted its stake in PepsiCo by 70.6% during the second quarter. Avion Wealth now owns 145 shares of the company’s stock worth $25,000 after purchasing an additional 60 shares during the last quarter. Spotlight Asset Group Inc. purchased a new stake in shares of PepsiCo during the 2nd quarter worth approximately $27,000. Pacific Center for Financial Services acquired a new position in shares of PepsiCo in the 1st quarter valued at $47,000. Financial Gravity Asset Management Inc. grew its position in shares of PepsiCo by 55.8% in the 1st quarter. Financial Gravity Asset Management Inc. now owns 282 shares of the company’s stock valued at $6,529,000 after buying an additional 101 shares during the last quarter. Finally, GW&K Investment Management LLC acquired a new stake in PepsiCo during the 1st quarter worth $55,000. Hedge funds and other institutional investors own 71.40% of the company’s stock.

Insider Buying and Selling at PepsiCo

In other PepsiCo news, CFO Hugh F. Johnston sold 48,388 shares of PepsiCo stock in a transaction dated Friday, November 10th. The shares were sold at an average price of $166.65, for a total transaction of $8,063,860.20. Following the completion of the transaction, the chief financial officer now owns 96,627 shares in the company, valued at $16,102,889.55. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.15% of the stock is owned by corporate insiders.

Analyst Ratings Changes

PEP has been the topic of several research reports. Evercore ISI dropped their price objective on PepsiCo from $195.00 to $185.00 in a report on Tuesday, October 3rd. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Wednesday, October 11th. Citigroup decreased their price objective on PepsiCo from $200.00 to $180.00 and set a “neutral” rating for the company in a report on Wednesday, October 11th. Jefferies Financial Group began coverage on shares of PepsiCo in a report on Monday, November 13th. They issued a “buy” rating and a $203.00 target price on the stock. Finally, JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $188.00 to $185.00 and set an “overweight” rating for the company in a research note on Wednesday, October 11th. Seven equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $187.57.

PepsiCo Price Performance

Shares of PepsiCo stock traded down $0.21 during trading on Monday, reaching $166.55. The company’s stock had a trading volume of 890,966 shares, compared to its average volume of 4,878,588. The business has a 50 day moving average price of $167.57 and a 200-day moving average price of $178.60. The company has a market capitalization of $228.98 billion, a P/E ratio of 27.75, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. The company has a quick ratio of 0.71, a current ratio of 0.88 and a debt-to-equity ratio of 1.89. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 10th. The company reported $2.25 earnings per share for the quarter, topping analysts’ consensus estimates of $2.15 by $0.10. The business had revenue of $23.45 billion for the quarter, compared to analysts’ expectations of $23.41 billion. PepsiCo had a net margin of 9.05% and a return on equity of 58.28%. The business’s revenue for the quarter was up 6.7% on a year-over-year basis. During the same period in the prior year, the company posted $1.97 EPS. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 7.55 EPS for the current year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, January 5th. Shareholders of record on Friday, December 1st will be given a dividend of $1.265 per share. The ex-dividend date is Thursday, November 30th. This represents a $5.06 dividend on an annualized basis and a yield of 3.04%. PepsiCo’s payout ratio is 84.33%.

PepsiCo Profile

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.