PepsiCo, Inc. (NASDAQ:PEP) Position Increased by Wealth Advisory Solutions LLC

Wealth Advisory Solutions LLC grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 1,732 shares of the company’s stock after buying an additional 159 shares during the quarter. Wealth Advisory Solutions LLC’s holdings in PepsiCo were worth $264,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of the stock. Collier Financial purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter worth about $30,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. Rakuten Securities Inc. boosted its holdings in shares of PepsiCo by 93.2% in the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after buying an additional 96 shares during the period. Finally, Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $34,000. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 1.2 %

PEP stock opened at $154.19 on Wednesday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The firm has a market cap of $211.47 billion, a PE ratio of 22.19, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a fifty day simple moving average of $148.71 and a 200 day simple moving average of $161.20.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter in the prior year, the company posted $1.78 EPS. The firm’s revenue was down .2% on a year-over-year basis. Sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.52%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently commented on the stock. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. Morgan Stanley decreased their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Royal Bank of Canada began coverage on PepsiCo in a report on Tuesday, February 4th. They set a $172.00 price target on the stock. TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. Finally, BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research note on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $171.47.

PepsiCo 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.