GeoWealth Management LLC Buys 3,526 Shares of PepsiCo, Inc. (NASDAQ:PEP)

GeoWealth Management LLC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 20.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,918 shares of the company's stock after buying an additional 3,526 shares during the period. GeoWealth Management LLC's holdings in PepsiCo were worth $3,181,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also modified their holdings of the stock. Bridge Generations Wealth Management LLC bought a new stake in PepsiCo during the fourth quarter worth $38,000. Cadence Bank increased its stake in shares of PepsiCo by 0.9% during the 4th quarter. Cadence Bank now owns 64,825 shares of the company's stock worth $9,857,000 after purchasing an additional 608 shares during the last quarter. Alpha DNA Investment Management LLC raised its holdings in shares of PepsiCo by 1.9% in the 4th quarter. Alpha DNA Investment Management LLC now owns 6,042 shares of the company's stock valued at $919,000 after purchasing an additional 115 shares during the period. Arrow Capital Pty Ltd acquired a new stake in PepsiCo in the 4th quarter valued at about $4,562,000. Finally, CANADA LIFE ASSURANCE Co grew its holdings in PepsiCo by 5.9% during the fourth quarter. CANADA LIFE ASSURANCE Co now owns 1,922,680 shares of the company's stock worth $292,180,000 after purchasing an additional 106,461 shares during the period. Institutional investors and hedge funds own 73.07% of the company's stock.

PepsiCo Price Performance

PEP stock traded down $2.38 during midday trading on Wednesday, reaching $141.08. The company had a trading volume of 3,285,424 shares, compared to its average volume of 6,102,310. The company has a market capitalization of $193.46 billion, a price-to-earnings ratio of 20.30, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a 1-year low of $138.33 and a 1-year high of $183.41. The stock has a 50 day moving average price of $148.10 and a 200-day moving average price of $154.48.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 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 firm posted $1.78 EPS. The firm's quarterly revenue was down .2% on a year-over-year basis. Equities research analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.84%. PepsiCo's dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Citigroup cut their price target on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. HSBC decreased their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. UBS Group reduced their target price on shares of PepsiCo from $193.00 to $175.00 and set a "buy" rating for the company in a report on Thursday, January 16th. Finally, Wells Fargo & Company lowered their price target on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have assigned a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average target price of $167.24.

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.