Marietta Investment Partners LLC Has $4.04 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Marietta Investment Partners LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.6% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,536 shares of the company’s stock after selling 714 shares during the period. Marietta Investment Partners LLC’s holdings in PepsiCo were worth $4,035,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of PEP. Tcfg Wealth Management LLC lifted its stake in shares of PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock valued at $295,000 after purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its stake in shares of PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock valued at $2,556,000 after purchasing an additional 70 shares during the last quarter. Marshall Financial Group LLC lifted its stake in shares of PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock valued at $476,000 after purchasing an additional 70 shares during the last quarter. Osprey Private Wealth LLC lifted its stake in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock valued at $2,290,000 after purchasing an additional 70 shares during the last quarter. Finally, Michael S. Ryan Inc. lifted its stake in shares of PepsiCo by 3.3% in the 4th quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock valued at $340,000 after purchasing an additional 71 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have weighed in on PEP shares. Jefferies Financial Group lowered shares of PepsiCo from a “buy” rating to a “hold” rating and cut their target price for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and cut their target price for the stock from $168.00 to $156.00 in a research report on Tuesday. Wells Fargo & Company cut their target price on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Finally, Royal Bank of Canada initiated coverage on shares of PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 target price for the company. 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. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Performance

NASDAQ PEP opened at $145.45 on Friday. The stock has a market cap of $199.48 billion, a P/E ratio of 20.93, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The company’s 50-day simple moving average is $149.04 and its 200 day simple moving average is $159.22.

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

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.73%. 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.