1,526 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by National Wealth Management Group LLC

National Wealth Management Group LLC acquired a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, HoldingsChannel.com reports. The institutional investor acquired 1,526 shares of the company’s stock, valued at approximately $232,000.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new stake in PepsiCo during the 4th quarter worth approximately $2,729,565,000. Raymond James Financial Inc. bought a new stake in PepsiCo during the fourth quarter worth $589,307,000. Charles Schwab Investment Management Inc. lifted its stake in PepsiCo by 18.1% during 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 acquiring an additional 3,856,193 shares in the last quarter. State Street Corp boosted its holdings in PepsiCo by 5.1% during the 3rd 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 last quarter. Finally, Franklin Resources Inc. grew its stake in shares of PepsiCo by 21.1% in the 3rd quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock worth $2,293,049,000 after acquiring an additional 2,264,445 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. Morgan Stanley cut their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. 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. Finally, Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and reduced their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $169.88.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $149.94 on Tuesday. The stock has a fifty day moving average of $149.28 and a 200-day moving average of $157.72. The stock has a market cap of $205.64 billion, a PE ratio of 21.57, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. 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 fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% on a year-over-year basis. During the same period in the prior year, the business posted $1.78 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 31st. Stockholders 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 dividend on an annualized basis and a dividend yield of 3.61%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

PepsiCo Company 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.