GC Wealth Management RIA LLC Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

GC Wealth Management RIA LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 23.3% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 16,312 shares of the company's stock after acquiring an additional 3,084 shares during the quarter. GC Wealth Management RIA LLC's holdings in PepsiCo were worth $2,480,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. purchased a new stake in shares of PepsiCo during the fourth quarter valued at $589,307,000. Charles Schwab Investment Management Inc. boosted its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock valued at $3,834,504,000 after buying an additional 3,856,193 shares during the period. State Street Corp increased its position in shares of PepsiCo by 5.1% during the third quarter. State Street Corp now owns 57,268,030 shares of the company's stock worth $9,738,429,000 after acquiring an additional 2,775,679 shares during the period. Franklin Resources Inc. raised its stake in shares of PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company's stock valued at $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. Finally, Swedbank AB boosted its holdings in shares of PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company's stock valued at $398,847,000 after purchasing an additional 1,592,343 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

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Analyst Ratings Changes

PEP has been the subject of a number of research analyst reports. UBS Group decreased their target price on PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and decreased their price objective for the company from $171.00 to $170.00 in a report on Wednesday. Deutsche Bank Aktiengesellschaft dropped their target price on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a report on Tuesday, February 4th. Finally, Barclays lifted their price objective on shares of PepsiCo from $153.00 to $168.00 and gave the company an "overweight" rating in a report on Thursday, March 6th. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have assigned a buy rating to the stock. Based on data from MarketBeat, PepsiCo presently has an average rating of "Hold" and an average target price of $170.59.

PepsiCo Stock Down 2.6 %

Shares of PEP traded down $3.91 during mid-day trading on Wednesday, hitting $148.42. 5,219,120 shares of the company traded hands, compared to its average volume of 5,475,598. The business has a 50 day moving average of $148.90 and a 200 day moving average of $160.46. The company has a market capitalization of $203.56 billion, a PE ratio of 21.42, a price-to-earnings-growth 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. PepsiCo, Inc. has a 1-year low of $141.51 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping 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 business had revenue of $27.78 billion during the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the company posted $1.78 earnings per share. The business's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Announces Dividend

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 issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.65%. The ex-dividend date is Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

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.