PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by 1900 Wealth Management LLC

1900 Wealth Management LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 10.1% during the fourth quarter, HoldingsChannel.com reports. The fund owned 3,807 shares of the company’s stock after buying an additional 348 shares during the period. 1900 Wealth Management LLC’s holdings in PepsiCo were worth $647,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Caliber Wealth Management LLC grew its position in PepsiCo by 11.8% in the 3rd quarter. Caliber Wealth Management LLC now owns 12,401 shares of the company’s stock valued at $2,101,000 after buying an additional 1,309 shares during the last quarter. Kingdom Financial Group LLC. grew its position in PepsiCo by 8.3% in the 3rd quarter. Kingdom Financial Group LLC. now owns 2,181 shares of the company’s stock valued at $370,000 after buying an additional 168 shares during the last quarter. Cassia Capital Partners LLC grew its position in PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock valued at $702,000 after buying an additional 63 shares during the last quarter. Rothschild Investment LLC IL boosted its position in shares of PepsiCo by 0.6% during the 3rd quarter. Rothschild Investment LLC IL now owns 13,744 shares of the company’s stock worth $2,329,000 after purchasing an additional 84 shares in the last quarter. Finally, LexAurum Advisors LLC boosted its position in shares of PepsiCo by 6.7% during the 3rd quarter. LexAurum Advisors LLC now owns 2,491 shares of the company’s stock worth $422,000 after purchasing an additional 157 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 2.2 %

Shares of PEP stock traded down $3.91 during trading hours on Tuesday, hitting $172.55. 3,959,327 shares of the company were exchanged, compared to its average volume of 5,730,599. The firm has a market cap of $237.17 billion, a PE ratio of 26.21, a PEG ratio of 2.73 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The firm has a fifty day moving average of $168.80 and a 200 day moving average of $167.55.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the firm posted $1.67 EPS. The company’s revenue was down .6% on a year-over-year basis. Analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 annualized dividend and a yield of 2.93%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PEP shares. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 target price on the stock in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, Barclays boosted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Six investment analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $186.92.

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.