Fullcircle Wealth LLC Has $1.02 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Fullcircle Wealth LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 6,773 shares of the company’s stock after buying an additional 131 shares during the quarter. Fullcircle Wealth LLC’s holdings in PepsiCo were worth $1,016,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. increased its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after acquiring an additional 1,376,133 shares in the last quarter. Geode Capital Management LLC grew its position in PepsiCo by 1.9% in the 4th quarter. Geode Capital Management LLC now owns 31,079,522 shares of the company’s stock valued at $4,717,069,000 after purchasing an additional 582,254 shares during the period. Norges Bank acquired a new position in PepsiCo during the fourth quarter worth $2,729,565,000. Northern Trust Corp grew its holdings in shares of PepsiCo by 8.7% during the fourth quarter. Northern Trust Corp now owns 16,403,395 shares of the company’s stock valued at $2,494,300,000 after buying an additional 1,306,818 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its position in shares of PepsiCo by 0.4% during the first quarter. Bank of New York Mellon Corp now owns 14,062,857 shares of the company’s stock worth $2,108,585,000 after acquiring an additional 49,699 shares in the last quarter. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts have issued reports on the company. Bank of America cut their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating for the company in a research note on Friday, April 25th. Evercore ISI set a $140.00 price target on PepsiCo in a report on Thursday, April 24th. Barclays cut their price objective on shares of PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a report on Monday, April 28th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a report on Wednesday, March 12th. Finally, Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating on the stock in a report on Friday, April 25th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average price target of $159.75.

PepsiCo Stock Down 0.7%

Shares of NASDAQ PEP opened at $135.58 on Monday. PepsiCo, Inc. has a one year low of $127.60 and a one year high of $180.91. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The business’s fifty day moving average price is $131.40 and its 200-day moving average price is $142.11. The stock has a market capitalization of $185.88 billion, a PE ratio of 19.94, a P/E/G ratio of 4.23 and a beta of 0.45.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a net margin of 10.24% and a return on equity of 58.28%. The firm had revenue of $17.92 billion for the quarter, compared to analysts’ expectations of $17.81 billion. During the same period in the prior year, the company earned $1.61 EPS. The firm’s quarterly revenue was down 1.8% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, June 30th. Investors of record on Friday, June 6th were issued a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.20%. PepsiCo’s dividend payout ratio is 83.68%.

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.