PFG Private Wealth Management LLC Has $44,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

PFG Private Wealth Management LLC reduced its holdings in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 43.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 258 shares of the company’s stock after selling 202 shares during the period. PFG Private Wealth Management LLC’s holdings in PepsiCo were worth $44,000 as of its most recent SEC filing.

A number of other large investors also recently modified their holdings of PEP. State Street Corp grew its position in PepsiCo by 0.8% during the second quarter. State Street Corp now owns 59,055,838 shares of the company’s stock worth $10,938,322,000 after buying an additional 489,175 shares in the last quarter. Moneta Group Investment Advisors LLC grew its holdings in shares of PepsiCo by 95,514.1% during the 4th quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock worth $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley increased its position in shares of PepsiCo by 21.0% during the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares during the period. Charles Schwab Investment Management Inc. boosted its stake in PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after buying an additional 920,032 shares in the last quarter. Finally, Northern Trust Corp increased its holdings in PepsiCo by 3.7% in the 3rd quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after buying an additional 595,357 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms recently issued reports on PEP. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Barclays increased their target price on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. JPMorgan Chase & Co. lowered shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their target price for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $187.77.

Read Our Latest Stock Report on PEP

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $175.01 on Monday. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The firm has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.74 and a beta of 0.53. The stock’s 50-day moving average is $168.44 and its 200-day moving average is $167.94.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. During the same quarter last year, the firm earned $1.67 earnings per share. The firm’s revenue for the quarter was down .6% compared to the same quarter last year. Equities analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. PepsiCo’s dividend payout ratio is 77.02%.

About PepsiCo

(Free Report)

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.

See Also

Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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