Marotta Asset Management Makes New $209,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Marotta Asset Management bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) during the second quarter, according to its most recent Form 13F filing with the SEC. The fund bought 1,128 shares of the company’s stock, valued at approximately $209,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Moneta Group Investment Advisors LLC boosted its stake in shares of PepsiCo by 95,514.1% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares during the last quarter. Morgan Stanley boosted its stake in PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock worth $4,827,240,000 after acquiring an additional 4,629,947 shares in the last quarter. Geode Capital Management LLC boosted its stake in PepsiCo by 1.9% during the first quarter. Geode Capital Management LLC now owns 26,126,523 shares of the company’s stock worth $4,751,555,000 after acquiring an additional 489,343 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 5.1% during the first quarter. Charles Schwab Investment Management Inc. now owns 17,880,236 shares of the company’s stock worth $3,259,567,000 after acquiring an additional 872,064 shares in the last quarter. Finally, Norges Bank bought a new position in PepsiCo during the fourth quarter worth $2,519,707,000. 71.40% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several research analysts have weighed in on the stock. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Thursday, September 7th. Argus upped their price objective on shares of PepsiCo from $206.00 to $212.00 in a report on Friday, July 14th. Barclays lowered their target price on shares of PepsiCo from $206.00 to $198.00 in a report on Monday, July 10th. Evercore ISI increased their target price on shares of PepsiCo from $190.00 to $195.00 in a report on Friday, July 14th. Finally, Wedbush increased their target price on shares of PepsiCo from $200.00 to $206.00 and gave the company an “outperform” rating in a report on Friday, July 14th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and five have issued a buy rating to the stock. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $192.00.

PepsiCo Price Performance

PEP stock opened at $181.23 on Friday. The firm has a 50 day moving average of $182.74 and a 200-day moving average of $184.57. The company has a current ratio of 0.84, a quick ratio of 0.64 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 12 month low of $160.98 and a 12 month high of $196.88. The firm has a market capitalization of $249.48 billion, a P/E ratio of 31.74, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, July 13th. The company reported $2.09 EPS for the quarter, beating analysts’ consensus estimates of $1.96 by $0.13. The company had revenue of $22.32 billion during the quarter, compared to analyst estimates of $21.73 billion. PepsiCo had a net margin of 8.76% and a return on equity of 56.05%. PepsiCo’s revenue was up 10.4% compared to the same quarter last year. During the same period last year, the business earned $1.86 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 7.48 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, September 29th. Investors of record on Friday, September 1st will be paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.79%. The ex-dividend date of this dividend is Thursday, August 31st. PepsiCo’s dividend payout ratio is currently 88.62%.

PepsiCo Profile

PepsiCo, Inc manufactures, markets, distributes, and sells 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.