PepsiCo, Inc. (NASDAQ:PEP) Shares Acquired by FSB Premier Wealth Management Inc.

FSB Premier Wealth Management Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.7% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 5,534 shares of the company’s stock after buying an additional 710 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in PepsiCo were worth $842,000 as of its most recent SEC filing.

Several other institutional investors also recently modified their holdings of PEP. WealthTrak Capital Management LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at $28,000. Collier Financial acquired a new stake in PepsiCo during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC purchased a new stake in PepsiCo during the third quarter valued at about $31,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the fourth quarter worth approximately $30,000. Finally, Summit Securities Group LLC acquired a new stake in shares of PepsiCo during the fourth quarter valued at approximately $33,000. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the stock. Barclays cut shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price objective for the stock from $168.00 to $156.00 in a research report on Tuesday, March 18th. JPMorgan Chase & Co. dropped their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research report on Friday, January 24th. Morgan Stanley decreased their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, Citigroup lowered their price objective on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Performance

Shares of PEP opened at $149.27 on Monday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The company’s fifty day moving average price is $149.25 and its 200 day moving average price is $157.91. The company has a market capitalization of $204.72 billion, a PE ratio of 21.48, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

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

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 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.