Independent Solutions Wealth Management LLC Has $493,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Independent Solutions Wealth Management LLC cut its stake in PepsiCo, Inc. (NASDAQ:PEP) by 3.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,242 shares of the company’s stock after selling 119 shares during the quarter. Independent Solutions Wealth Management LLC’s holdings in PepsiCo were worth $493,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently modified their holdings of PEP. Tcfg Wealth Management LLC boosted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the last quarter. Lincoln Capital LLC boosted its holdings in PepsiCo by 0.4% during the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after purchasing an additional 70 shares in the last quarter. Osprey Private Wealth LLC lifted its position in shares of PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after buying an additional 70 shares in the last quarter. Finally, Michael S. Ryan Inc. boosted its stake in shares of PepsiCo by 3.3% in the 4th quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock worth $340,000 after buying an additional 71 shares during the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 0.6 %

Shares of PEP opened at $147.15 on Friday. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The stock has a market cap of $201.82 billion, a PE ratio of 21.17, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50-day moving average price is $148.98 and its 200-day moving average price is $159.41.

PepsiCo (NASDAQ:PEP) last posted its 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. The business had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the prior year, the company posted $1.78 EPS. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.68%. PepsiCo’s dividend payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of analysts recently commented on PEP shares. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a report on Tuesday, February 4th. Deutsche Bank Aktiengesellschaft lowered their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research note on Wednesday, January 22nd. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, TD Cowen decreased their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the stock. According to MarketBeat, the company has a consensus rating of “Hold” and an average price target of $169.88.

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.