DORCHESTER WEALTH MANAGEMENT Co Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

DORCHESTER WEALTH MANAGEMENT Co raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 52.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 52,830 shares of the company’s stock after purchasing an additional 18,069 shares during the period. PepsiCo accounts for about 1.6% of DORCHESTER WEALTH MANAGEMENT Co’s portfolio, making the stock its 24th biggest position. DORCHESTER WEALTH MANAGEMENT Co’s holdings in PepsiCo were worth $8,973,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also recently modified their holdings of the stock. Proquility Private Wealth Partners LLC grew its position in shares of PepsiCo by 1.1% in the fourth quarter. Proquility Private Wealth Partners LLC now owns 5,260 shares of the company’s stock valued at $950,000 after purchasing an additional 57 shares during the period. Amplius Wealth Advisors LLC boosted its holdings in PepsiCo by 2.8% in the 4th quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after purchasing an additional 60 shares during the last quarter. Darwin Wealth Management LLC increased its stake in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock worth $397,000 after acquiring an additional 61 shares during the last quarter. Sugarloaf Wealth Management LLC increased its position in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after purchasing an additional 61 shares during the last quarter. Finally, Cassia Capital Partners LLC lifted its holdings in shares of PepsiCo by 1.5% in the 3rd quarter. Cassia Capital Partners LLC now owns 4,143 shares of the company’s stock worth $702,000 after acquiring an additional 63 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $1.01 during trading on Wednesday, reaching $170.43. The company had a trading volume of 1,200,478 shares, compared to its average volume of 5,835,697. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $234.26 billion, a PE ratio of 25.83, a price-to-earnings-growth ratio of 2.71 and a beta of 0.53. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The stock has a 50-day moving average price of $168.68 and a two-hundred day moving average price of $167.74.

PepsiCo (NASDAQ:PEPGet Free Report) last posted its quarterly earnings data 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. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company’s revenue was down .6% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.67 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.97%. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analysts Forecast Growth

Several analysts have recently issued reports on the company. Deutsche Bank Aktiengesellschaft increased their price objective on PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research note on Friday, February 9th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research note on Monday, March 18th. Finally, Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Friday, February 9th. Six investment analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $187.77.

Check Out Our Latest Stock Report on PEP

PepsiCo Profile

(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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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