J.Safra Asset Management Corp Acquires New Position in PepsiCo, Inc. (NASDAQ:PEP)

J.Safra Asset Management Corp purchased a new position in PepsiCo, Inc. (NASDAQ:PEP) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 967 shares of the company’s stock, valued at approximately $176,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the business. Richwood Investment Advisors LLC increased its position in PepsiCo by 0.8% during the 1st quarter. Richwood Investment Advisors LLC now owns 6,826 shares of the company’s stock worth $1,244,000 after purchasing an additional 55 shares in the last quarter. Adamsbrown Wealth Consultants LLC boosted its stake in PepsiCo by 0.8% in the 1st quarter. Adamsbrown Wealth Consultants LLC now owns 6,646 shares of the company’s stock worth $1,212,000 after buying an additional 56 shares during the last quarter. Proquility Private Wealth Partners LLC boosted its stake in PepsiCo by 1.1% in the 4th quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock worth $950,000 after buying an additional 57 shares during the last quarter. Acorn Financial Advisory Services Inc. ADV boosted its stake in PepsiCo by 3.8% in the 1st quarter. Acorn Financial Advisory Services Inc. ADV now owns 1,589 shares of the company’s stock worth $290,000 after buying an additional 58 shares during the last quarter. Finally, 180 Wealth Advisors LLC boosted its stake in PepsiCo by 1.4% in the 1st quarter. 180 Wealth Advisors LLC now owns 4,180 shares of the company’s stock worth $762,000 after buying an additional 59 shares during the last quarter. Institutional investors and hedge funds own 71.40% of the company’s stock.

PepsiCo Stock Down 1.5 %

Shares of NASDAQ:PEP traded down $2.60 during mid-day trading on Monday, hitting $175.32. 4,801,300 shares of the company traded hands, compared to its average volume of 4,643,943. The firm has a market cap of $241.34 billion, a P/E ratio of 30.70, a PEG ratio of 2.88 and a beta of 0.54. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.64 and a current ratio of 0.84. PepsiCo, Inc. has a 52-week low of $160.98 and a 52-week high of $196.88. The firm’s 50 day simple moving average is $184.21 and its 200 day simple moving average is $184.63.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Thursday, July 13th. The company reported $2.09 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.96 by $0.13. PepsiCo had a return on equity of 56.05% and a net margin of 8.76%. The company had revenue of $22.32 billion for the quarter, compared to the consensus estimate of $21.73 billion. During the same period in the previous year, the business earned $1.86 EPS. PepsiCo’s revenue for the quarter was up 10.4% compared to the same quarter last year. On average, equities analysts anticipate that PepsiCo, Inc. will post 7.48 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be issued a dividend of $1.265 per share. The ex-dividend date is Thursday, August 31st. This represents a $5.06 annualized dividend and a yield of 2.89%. PepsiCo’s dividend payout ratio is presently 88.62%.

Wall Street Analysts Forecast Growth

A number of brokerages have issued reports on PEP. Royal Bank of Canada raised their price target on PepsiCo from $178.00 to $180.00 in a research note on Friday, July 14th. Wedbush raised their price target on PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a research note on Friday, July 14th. Evercore ISI lifted their price objective on PepsiCo from $190.00 to $195.00 in a research note on Friday, July 14th. Morgan Stanley lowered PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price objective on the stock. in a research note on Monday, July 17th. Finally, Barclays reduced their price objective on PepsiCo from $206.00 to $198.00 in a research note on Monday, July 10th. One investment analyst has rated the stock with a sell rating, eight have given a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $192.00.

PepsiCo Company 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.