Massachusetts Wealth Management Has $2.21 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Massachusetts Wealth Management raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 13,406 shares of the company’s stock after acquiring an additional 225 shares during the period. PepsiCo comprises about 1.5% of Massachusetts Wealth Management’s investment portfolio, making the stock its 22nd largest holding. Massachusetts Wealth Management’s holdings in PepsiCo were worth $2,211,000 at the end of the most recent quarter.

A number of other hedge funds also recently modified their holdings of PEP. GUNN & Co INVESTMENT MANAGEMENT INC. grew its stake in shares of PepsiCo by 1,129.9% during the 4th quarter. GUNN & Co INVESTMENT MANAGEMENT INC. now owns 233,073 shares of the company’s stock worth $39,585,000 after acquiring an additional 214,122 shares in the last quarter. Gilbert & Cook Inc. increased its position in shares of PepsiCo by 23.4% in the fourth quarter. Gilbert & Cook Inc. now owns 5,971 shares of the company’s stock valued at $1,014,000 after acquiring an additional 1,133 shares during the last quarter. Aveo Capital Partners LLC boosted its position in PepsiCo by 4.4% during the fourth quarter. Aveo Capital Partners LLC now owns 5,480 shares of the company’s stock valued at $931,000 after purchasing an additional 229 shares during the last quarter. 9258 Wealth Management LLC grew its stake in PepsiCo by 56.0% in the fourth quarter. 9258 Wealth Management LLC now owns 8,281 shares of the company’s stock valued at $1,407,000 after purchasing an additional 2,974 shares in the last quarter. Finally, Signature Resources Capital Management LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $49,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of PEP stock traded up $0.79 during trading on Friday, hitting $172.88. The company had a trading volume of 8,677,312 shares, compared to its average volume of 4,770,495. The stock’s 50-day moving average price is $169.92 and its 200 day moving average price is $170.81. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $183.41. The company has a debt-to-equity ratio of 1.87, a quick ratio of 0.64 and a current ratio of 0.83. The firm has a market capitalization of $237.46 billion, a P/E ratio of 25.09, a price-to-earnings-growth ratio of 2.99 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, July 11th. The company reported $2.28 EPS for the quarter, beating analysts’ consensus estimates of $2.16 by $0.12. The business had revenue of $22.50 billion during the quarter, compared to the consensus estimate of $22.59 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.34%. PepsiCo’s revenue for the quarter was up .8% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.09 earnings per share. Equities analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, September 30th. Stockholders of record on Friday, September 6th will be issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.14%. PepsiCo’s dividend payout ratio (DPR) is currently 78.66%.

Analyst Upgrades and Downgrades

PEP has been the subject of several analyst reports. Morgan Stanley decreased their target price on shares of PepsiCo from $190.00 to $185.00 and set an “overweight” rating for the company in a research note on Friday, July 12th. Jefferies Financial Group cut their target price on shares of PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research note on Tuesday, July 9th. Wells Fargo & Company lowered their price target on PepsiCo from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Wednesday, July 10th. Royal Bank of Canada cut their price objective on PepsiCo from $180.00 to $177.00 and set a “sector perform” rating for the company in a research report on Friday, July 12th. Finally, DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price target on the stock. in a research note on Friday, July 19th. Seven equities research analysts have rated the stock with a hold rating and eight have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $185.53.

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.