Williams Jones Wealth Management LLC. Purchases 2,654 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Williams Jones Wealth Management LLC. grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.5% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 564,459 shares of the company’s stock after purchasing an additional 2,654 shares during the quarter. PepsiCo makes up approximately 1.6% of Williams Jones Wealth Management LLC.’s holdings, making the stock its 19th biggest position. Williams Jones Wealth Management LLC.’s holdings in PepsiCo were worth $102,901,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in PEP. Moneta Group Investment Advisors LLC lifted its position in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after acquiring an additional 42,831,405 shares in the last quarter. Norges Bank purchased a new position in PepsiCo in the 4th quarter worth approximately $2,519,707,000. Morgan Stanley grew its holdings in PepsiCo by 21.0% during the 4th quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares in the last quarter. Envestnet Asset Management Inc. raised its position in shares of PepsiCo by 131.2% during the first quarter. Envestnet Asset Management Inc. now owns 4,827,707 shares of the company’s stock valued at $395,464,000 after buying an additional 2,739,211 shares during the last quarter. Finally, CIBC Private Wealth Group LLC lifted its holdings in shares of PepsiCo by 99.8% in the fourth quarter. CIBC Private Wealth Group LLC now owns 4,174,183 shares of the company’s stock worth $741,889,000 after buying an additional 2,085,204 shares in the last quarter. Institutional investors own 71.40% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the topic of a number of research reports. Royal Bank of Canada lifted their price target on shares of PepsiCo from $178.00 to $180.00 in a report on Friday, July 14th. Barclays dropped their price target on PepsiCo from $206.00 to $198.00 in a research note on Monday, July 10th. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $193.00 to $195.00 in a research note on Friday, July 14th. Wedbush increased their target price on PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a research report on Friday, July 14th. Finally, StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Thursday. One research analyst has rated the stock with a sell rating, seven have given a hold rating and five have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average target price of $192.00.

PepsiCo Trading Down 0.1 %

Shares of NASDAQ:PEP traded down $0.13 on Friday, hitting $176.27. 2,995,127 shares of the company’s stock were exchanged, compared to its average volume of 4,100,908. The business’s 50 day simple moving average is $183.26 and its two-hundred day simple moving average is $184.64. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.84 and a quick ratio of 0.64. The stock has a market capitalization of $242.65 billion, a price-to-earnings ratio of 30.87, a price-to-earnings-growth ratio of 2.90 and a beta of 0.54. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88.

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

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Shareholders of record on Friday, September 1st will be given a dividend of $1.265 per share. This represents a $5.06 dividend on an annualized basis and a yield of 2.87%. The ex-dividend date is Thursday, August 31st. PepsiCo’s dividend payout ratio (DPR) is presently 88.62%.

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.