SOA Wealth Advisors LLC. Has $811,000 Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

SOA Wealth Advisors LLC. raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.2% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,636 shares of the company’s stock after acquiring an additional 100 shares during the quarter. SOA Wealth Advisors LLC.’s holdings in PepsiCo were worth $811,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Fortis Group Advisors LLC raised its position in shares of PepsiCo by 100.0% in the fourth quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares during the period. Life Planning Partners Inc bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $34,000. Naples Money Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $36,000. Finally, Criterion Capital Advisors LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at PepsiCo

In other PepsiCo news, CEO Ramkumar Krishnan sold 5,620 shares of the stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the sale, the chief executive officer now owns 53,953 shares of the company’s stock, valued at approximately $9,603,634. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 0.15% of the stock is owned by insiders.

PepsiCo Trading Up 0.4 %

Shares of PepsiCo stock opened at $167.28 on Friday. The firm has a market capitalization of $229.97 billion, a PE ratio of 25.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.52. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68. The company’s fifty day moving average price is $173.71 and its two-hundred day moving average price is $170.32. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The firm’s quarterly revenue was up 2.3% compared to the same quarter last year. On average, analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.24%. PepsiCo’s dividend payout ratio is presently 81.50%.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on PEP. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Jefferies Financial Group boosted their target price on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a research report on Thursday, May 16th. Wedbush reaffirmed an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Tuesday, April 23rd. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and an average price target of $187.17.

PepsiCo Company Profile

PepsiCo, Inc engages in the manufacture, marketing, distribution, and sale of 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.