Morey & Quinn Wealth Partners LLC Invests $522,000 in PepsiCo, Inc. (NASDAQ:PEP)

Morey & Quinn Wealth Partners LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund acquired 3,432 shares of the company's stock, valued at approximately $522,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Collier Financial bought a new stake in PepsiCo in the fourth quarter valued at $28,000. Legacy Investment Solutions LLC acquired a new stake in shares of PepsiCo in the 3rd quarter valued at about $31,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo in the 4th quarter valued at about $30,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo in the fourth quarter worth approximately $34,000. Finally, Human Investing LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

PEP has been the topic of a number of recent research reports. Morgan Stanley cut their target price on PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and dropped their price objective for the company from $168.00 to $156.00 in a research note on Tuesday, March 18th. Citigroup lowered their target price on shares of PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a report on Wednesday, February 5th. TD Cowen cut their price target 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, UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have assigned a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and an average target price of $169.88.

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PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.40 during trading on Friday, reaching $149.27. 8,549,260 shares of the stock traded hands, compared to its average volume of 5,875,691. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a 50-day moving average of $149.25 and a 200-day moving average of $158.03.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. PepsiCo's revenue was down .2% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. 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 3.63%. PepsiCo's dividend payout ratio (DPR) is 77.99%.

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.