Marks Group Wealth Management Inc Buys 212 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Marks Group Wealth Management Inc increased its position in PepsiCo, Inc. (NASDAQ:PEP) by 6.6% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 3,402 shares of the company’s stock after buying an additional 212 shares during the quarter. Marks Group Wealth Management Inc’s holdings in PepsiCo were worth $578,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in PEP. Charles Schwab Investment Management Inc. grew its position in shares of PepsiCo by 5.3% in the 3rd 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 during the last quarter. Northern Trust Corp raised 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 worth $2,859,812,000 after purchasing an additional 595,357 shares in the last quarter. California Public Employees Retirement System lifted its position in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in shares of PepsiCo by 9.1% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock valued at $1,239,629,000 after purchasing an additional 608,321 shares in the last quarter. Finally, Deutsche Bank AG increased its position in shares of PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock valued at $1,147,922,000 after buying an additional 142,243 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

PEP has been the topic of several research reports. 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. Morgan Stanley raised 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. Wedbush reissued an “outperform” rating and set a $195.00 price objective on shares of PepsiCo in a research report on Tuesday. Jefferies Financial Group upped their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has a consensus rating of “Moderate Buy” and an average target price of $186.92.

PepsiCo Stock Down 2.1 %

Shares of NASDAQ:PEP traded down $3.78 during trading on Tuesday, reaching $172.68. 5,285,508 shares of the stock traded hands, compared to its average volume of 5,749,091. The stock has a market cap of $237.35 billion, a P/E ratio of 26.21, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. 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 stock has a 50-day moving average of $168.80 and a two-hundred day moving average of $167.55. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results 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 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 analysts’ expectations of $28.40 billion. During the same quarter in the previous year, the business earned $1.67 earnings per share. The company’s revenue was down .6% on a year-over-year basis. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.93%. PepsiCo’s dividend payout ratio is presently 77.02%.

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.