Triton Wealth Management PLLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Triton Wealth Management PLLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.7% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 9,426 shares of the company’s stock after acquiring an additional 68 shares during the period. PepsiCo comprises about 1.0% of Triton Wealth Management PLLC’s holdings, making the stock its 15th biggest holding. Triton Wealth Management PLLC’s holdings in PepsiCo were worth $1,781,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Avion Wealth raised its position in shares of PepsiCo by 70.6% in the second quarter. Avion Wealth now owns 145 shares of the company’s stock valued at $25,000 after buying an additional 60 shares during the last quarter. Spotlight Asset Group Inc. purchased a new position in PepsiCo in the 2nd quarter worth approximately $27,000. Pacific Center for Financial Services acquired a new position in shares of PepsiCo during the 1st quarter worth approximately $47,000. GW&K Investment Management LLC purchased a new stake in shares of PepsiCo in the first quarter valued at approximately $55,000. Finally, Alpha Paradigm Partners LLC purchased a new position in PepsiCo during the third quarter worth approximately $66,000. 71.40% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CFO Hugh F. Johnston sold 48,388 shares of PepsiCo stock in a transaction that occurred on Friday, November 10th. The shares were sold at an average price of $166.65, for a total value 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 0.15% of the company’s stock.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ PEP traded down $0.95 during midday trading on Friday, hitting $166.76. The company’s stock had a trading volume of 5,583,290 shares, compared to its average volume of 5,363,518. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The business’s fifty day simple moving average is $167.57 and its two-hundred day simple moving average is $178.71. The firm has a market capitalization of $229.27 billion, a price-to-earnings ratio of 27.79, a price-to-earnings-growth ratio of 2.68 and a beta of 0.57. The company has a debt-to-equity ratio of 1.89, a current ratio of 0.88 and a quick ratio of 0.71.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, October 10th. The company reported $2.25 EPS for the quarter, topping the consensus estimate of $2.15 by $0.10. The business had revenue of $23.45 billion during the quarter, compared to the consensus estimate of $23.41 billion. PepsiCo had a net margin of 9.05% and a return on equity of 58.28%. The company’s quarterly revenue was up 6.7% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.97 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 7.55 EPS for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, January 5th. Stockholders of record on Friday, December 1st will be paid a $1.265 dividend. This represents a $5.06 annualized dividend and a dividend yield of 3.03%. The ex-dividend date of this dividend is Thursday, November 30th. PepsiCo’s payout ratio is presently 84.33%.

Analyst Ratings Changes

Several brokerages have issued reports on PEP. Barclays upped their target price on PepsiCo from $179.00 to $181.00 and gave the company an “overweight” rating in a report on Thursday, October 12th. Argus reduced their target price on shares of PepsiCo from $212.00 to $186.00 in a research note on Wednesday, October 11th. DZ Bank raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $187.00 price target for the company in a research note on Thursday, October 19th. StockNews.com raised shares of PepsiCo from a “hold” rating to a “buy” rating in a research report on Friday, October 13th. Finally, Morgan Stanley lowered their price objective on PepsiCo from $210.00 to $190.00 and set an “equal weight” rating for the company in a research report on Wednesday, October 11th. Seven analysts have rated the stock with a hold rating and seven have given a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $187.57.

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.