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Revolve Wealth Partners LLC Purchases 128 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Revolve Wealth Partners LLC Purchases 128 Shares of PepsiCo, Inc. (NASDAQ:PEP) #Revolve #Wealth #Partners #LLC #Purchases #Shares #PepsiCo #NASDAQPEP Welcome to Americanah Blog, here is the new story we have for you today:

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Revolve Wealth Partners LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 7.5% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 1,837 shares of the company’s stock after acquiring an additional 128 shares during the quarter. Revolve Wealth Partners LLC’s holdings in PepsiCo were worth $306,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors have also added to or reduced their stakes in PEP. Cordant Inc. purchased a new stake in PepsiCo during the first quarter valued at about $27,000. Landmark Wealth Management LLC purchased a new stake in PepsiCo during the first quarter valued at about $29,000. Strategic Asset Management LLC boosted its position in PepsiCo by 53.3% during the first quarter. Strategic Asset Management LLC now owns 276 shares of the company’s stock valued at $46,000 after buying an additional 96 shares during the period. Retirement Group LLC boosted its position in PepsiCo by 100.0% during the first quarter. Retirement Group LLC now owns 322 shares of the company’s stock valued at $54,000 after buying an additional 161 shares during the period. Finally, Lansing Street Advisors purchased a new stake in shares of PepsiCo during the first quarter worth about $58,000. Institutional investors own 71.38% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently weighed in on PEP. Credit Suisse Group increased their target price on shares of PepsiCo from $168.00 to $170.00 and gave the stock a “neutral” rating in a report on Wednesday, July 13th. Barclays dropped their target price on shares of PepsiCo from $187.00 to $183.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. UBS Group dropped their target price on shares of PepsiCo from $190.00 to $182.00 and set a “buy” rating for the company in a report on Tuesday, June 21st. Wells Fargo & Company dropped their target price on shares of PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a report on Tuesday, June 21st. Finally, JPMorgan Chase & Co. dropped their target price on shares of PepsiCo from $186.00 to $185.00 and set an “overweight” rating for the company in a report on Wednesday, July 6th. Five equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.00.

PepsiCo Price Performance

PEP stock opened at $168.73 on Tuesday. PepsiCo, Inc. has a 1 year low of $149.48 and a 1 year high of $181.07. The firm has a 50-day moving average of $173.45 and a 200 day moving average of $170.50. The company has a market cap of $232.83 billion, a P/E ratio of 25.41, a PEG ratio of 3.27 and a beta of 0.55. The company has a debt-to-equity ratio of 1.78, a current ratio of 0.83 and a quick ratio of 0.64.

PepsiCo (NASDAQ:PEPGet Rating) last announced its earnings results on Tuesday, July 12th. The company reported $1.86 earnings per share for the quarter, beating analysts’ consensus estimates of $1.73 by $0.13. PepsiCo had a net margin of 11.28% and a return on equity of 52.01%. The business had revenue of $20.23 billion during the quarter, compared to the consensus estimate of $19.51 billion. During the same quarter last year, the firm earned $1.72 earnings per share. The business’s revenue for the quarter was up 5.2% on a year-over-year basis. On average, sell-side analysts forecast that PepsiCo, Inc. will post 6.66 EPS for the current year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, September 30th. Shareholders of record on Friday, September 2nd will be paid a dividend of $1.15 per share. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.73%. The ex-dividend date is Thursday, September 1st. PepsiCo’s dividend payout ratio is 69.28%.

Insider Buying and Selling at PepsiCo

In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the sale, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Steven C. Williams sold 1,753 shares of the firm’s stock in a transaction that occurred on Friday, July 15th. The shares were sold at an average price of $171.18, for a total transaction of $300,078.54. Following the completion of the sale, the chief executive officer now owns 70,892 shares of the company’s stock, valued at $12,135,292.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Ramkumar Krishnan sold 3,433 shares of the firm’s stock in a transaction that occurred on Thursday, July 28th. The shares were sold at an average price of $174.83, for a total transaction of $600,191.39. Following the sale, the chief executive officer now directly owns 50,577 shares of the company’s stock, valued at approximately $8,842,376.91. The disclosure for this sale can be found here. Insiders own 0.12% of the company’s stock.

PepsiCo Company Profile

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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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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