Marietta Wealth Management LLC Purchases 1,656 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Marietta Wealth Management LLC grew its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 36,966 shares of the company’s stock after purchasing an additional 1,656 shares during the quarter. Marietta Wealth Management LLC’s holdings in PepsiCo were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also recently modified their holdings of PEP. DHJJ Financial Advisors Ltd. bought a new stake in PepsiCo in the third quarter worth $25,000. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares in the last quarter. Life Planning Partners Inc bought a new position in shares of PepsiCo in the 4th quarter valued at about $34,000. Avion Wealth raised its holdings in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after buying an additional 92 shares during the period. Finally, Financial Connections Group Inc. purchased a new position in PepsiCo during the fourth quarter worth $44,000. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.8 %

NASDAQ:PEP traded up $1.32 during trading hours on Tuesday, reaching $168.27. The company’s stock had a trading volume of 1,670,902 shares, compared to its average volume of 5,708,151. The stock has a 50 day moving average price of $168.70 and a two-hundred day moving average price of $167.38. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The company has a market capitalization of $231.29 billion, a P/E ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The firm had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period in the previous year, the company posted $1.67 EPS. The business’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 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were paid a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on PEP shares. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a research note on Monday, February 12th. Wedbush reiterated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Friday, February 9th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, Jefferies Financial Group boosted their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

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.