Marshall & Sullivan Inc. WA grew its stake in PepsiCo, Inc. (NASDAQ:PEP – Free Report) by 1.7% during the 4th quarter, Holdings Channel.com reports. The firm owned 30,888 shares of the company’s stock after acquiring an additional 530 shares during the period. PepsiCo accounts for approximately 2.3% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 21st biggest holding. Marshall & Sullivan Inc. WA’s holdings in PepsiCo were worth $4,697,000 as of its most recent SEC filing.
Several other large investors also recently modified their holdings of the stock. Global Wealth Strategies & Associates increased its position in PepsiCo by 59.0% during the third quarter. Global Wealth Strategies & Associates now owns 159 shares of the company’s stock worth $27,000 after acquiring an additional 59 shares during the period. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth about $28,000. Legacy Investment Solutions LLC bought a new position in PepsiCo during the third quarter worth about $31,000. Mattson Financial Services LLC bought a new position in PepsiCo during the second quarter worth about $34,000. Finally, Rakuten Securities Inc. increased its position in PepsiCo by 93.2% during the third quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after acquiring an additional 96 shares during the period. 73.07% of the stock is owned by institutional investors.
Wall Street Analysts Forecast Growth
A number of equities analysts recently commented on PEP shares. JPMorgan Chase & Co. lowered their price target on shares of PepsiCo from $185.00 to $183.00 and set a “neutral” rating on the stock in a research report on Wednesday, October 9th. Bank of America reduced their price objective on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating on the stock in a research note on Monday, September 30th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Piper Sandler assumed coverage on shares of PepsiCo in a research note on Tuesday, January 7th. They set an “overweight” rating and a $171.00 price objective on the stock. Finally, Redburn Atlantic upgraded shares of PepsiCo to a “strong sell” rating in a research note on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eight have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $180.64.
PepsiCo Stock Up 1.3 %
Shares of NASDAQ PEP opened at $144.50 on Tuesday. The company has a 50 day simple moving average of $156.92 and a 200 day simple moving average of $166.35. The firm has a market cap of $198.25 billion, a PE ratio of 21.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.89 and a quick ratio of 0.70.
PepsiCo Dividend Announcement
The firm also recently disclosed a quarterly dividend, which was paid on Monday, January 6th. Investors of record on Friday, December 6th were issued a $1.355 dividend. The ex-dividend date was Friday, December 6th. This represents a $5.42 dividend on an annualized basis and a yield of 3.75%. PepsiCo’s dividend payout ratio (DPR) is presently 79.94%.
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.
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