Wagner Wealth Management LLC Has $491,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Wagner Wealth Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.8% in the 4th quarter, according to the company in its most recent filing with the SEC. The firm owned 3,229 shares of the company’s stock after selling 562 shares during the quarter. Wagner Wealth Management LLC’s holdings in PepsiCo were worth $491,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of the company. Highline Wealth Partners LLC bought a new stake in shares of PepsiCo during the 3rd quarter worth $28,000. Legacy Investment Solutions LLC bought a new stake in shares of PepsiCo in the third quarter worth about $31,000. Rakuten Securities Inc. grew its holdings in shares of PepsiCo by 93.2% during the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $34,000. Finally, ORG Wealth Partners LLC bought a new position in PepsiCo in the 3rd quarter valued at approximately $44,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $144.58 on Monday. The firm has a market capitalization of $198.29 billion, a P/E ratio of 20.80, a P/E/G ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.70. The company’s fifty day moving average price is $151.42 and its 200 day moving average price is $164.09. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period last year, the company posted $1.78 earnings per share. The firm’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Analysts Set New Price Targets

A number of brokerages have issued reports on PEP. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Thursday. HSBC lowered their target price on shares of PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a research note on Tuesday, February 4th. Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Finally, Morgan Stanley lowered their target price on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $171.47.

About PepsiCo

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.