PepsiCo, Inc. (NASDAQ:PEP) Stake Lifted by RWA Wealth Partners LLC

RWA Wealth Partners LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 11.6% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 239,231 shares of the company's stock after purchasing an additional 24,923 shares during the period. RWA Wealth Partners LLC's holdings in PepsiCo were worth $36,377,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Howard Capital Management Group LLC increased its holdings in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock valued at $777,000 after purchasing an additional 90 shares in the last quarter. Fred Alger Management LLC increased its stake in PepsiCo by 1.2% in the 3rd quarter. Fred Alger Management LLC now owns 50,431 shares of the company's stock valued at $8,576,000 after purchasing an additional 589 shares in the last quarter. L.M. Kohn & Company raised its holdings in PepsiCo by 1.7% during the third quarter. L.M. Kohn & Company now owns 17,262 shares of the company's stock worth $2,935,000 after purchasing an additional 283 shares during the last quarter. Encompass More Asset Management boosted its position in PepsiCo by 38.9% during the third quarter. Encompass More Asset Management now owns 2,432 shares of the company's stock worth $414,000 after purchasing an additional 681 shares in the last quarter. Finally, Cobblestone Capital Advisors LLC NY increased its position in shares of PepsiCo by 1.6% in the third quarter. Cobblestone Capital Advisors LLC NY now owns 112,987 shares of the company's stock valued at $19,213,000 after buying an additional 1,797 shares in the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

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PepsiCo Stock Down 0.2 %

Shares of PEP stock traded down $0.31 during trading hours on Tuesday, hitting $149.63. 6,024,259 shares of the company were exchanged, compared to its average volume of 5,892,773. The stock has a market capitalization of $205.22 billion, a price-to-earnings ratio of 21.53, a P/E/G ratio of 3.09 and a beta of 0.52. The business's 50-day simple moving average is $149.28 and its two-hundred day simple moving average is $157.72. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same period last year, the business posted $1.78 earnings per share. The firm's revenue for the quarter was down .2% on a year-over-year basis. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal 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. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.62%. The ex-dividend date was Friday, March 7th. PepsiCo's dividend payout ratio is presently 77.99%.

Analyst Ratings Changes

A number of brokerages recently commented on PEP. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. Morgan Stanley lowered their price target on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded PepsiCo from a "buy" rating to a "hold" rating and cut their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas lowered their target price on PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a report on Tuesday, February 4th. Finally, Barclays cut PepsiCo from an "overweight" rating to an "equal weight" rating and cut their price target for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. 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. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average price target of $169.88.

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.