Buckley Wealth Management LLC Acquires 1,200 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Buckley Wealth Management LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.2% during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 7,439 shares of the company’s stock after purchasing an additional 1,200 shares during the quarter. Buckley Wealth Management LLC’s holdings in PepsiCo were worth $1,378,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in PEP. Essex Savings Bank lifted its position in PepsiCo by 0.6% during the 1st quarter. Essex Savings Bank now owns 18,928 shares of the company’s stock valued at $3,451,000 after acquiring an additional 107 shares during the period. First Personal Financial Services boosted its position in shares of PepsiCo by 2.0% in the 1st quarter. First Personal Financial Services now owns 32,470 shares of the company’s stock worth $5,919,000 after purchasing an additional 623 shares in the last quarter. Warther Private Wealth LLC increased its position in PepsiCo by 7.4% during the 1st quarter. Warther Private Wealth LLC now owns 2,479 shares of the company’s stock valued at $452,000 after buying an additional 171 shares in the last quarter. Zuckerman Investment Group LLC raised its stake in PepsiCo by 4.4% during the first quarter. Zuckerman Investment Group LLC now owns 1,831 shares of the company’s stock valued at $334,000 after buying an additional 78 shares during the last quarter. Finally, Trinity Legacy Partners LLC grew its stake in shares of PepsiCo by 0.3% in the first quarter. Trinity Legacy Partners LLC now owns 31,270 shares of the company’s stock worth $5,701,000 after acquiring an additional 93 shares during the last quarter. 71.40% of the stock is currently owned by institutional investors.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $179.38 on Tuesday. PepsiCo, Inc. has a 12-month low of $160.98 and a 12-month high of $196.88. The firm has a market capitalization of $246.93 billion, a price-to-earnings ratio of 31.42, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. The firm has a 50 day moving average of $182.67 and a 200 day moving average of $184.61.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, September 29th. Stockholders of record on Friday, September 1st will be given a dividend of $1.265 per share. The ex-dividend date of this dividend is Thursday, August 31st. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.82%. PepsiCo’s payout ratio is currently 88.62%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Barclays lowered their price target on PepsiCo from $206.00 to $198.00 in a research report on Monday, July 10th. Morgan Stanley cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $210.00 price target on the stock. in a report on Monday, July 17th. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $193.00 to $195.00 in a report on Friday, July 14th. Wedbush lifted their target price on PepsiCo from $200.00 to $206.00 and gave the stock an “outperform” rating in a report on Friday, July 14th. Finally, StockNews.com raised PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus 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.