Modern Wealth Management LLC Increases Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Modern Wealth Management LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 69.5% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 12,219 shares of the company’s stock after purchasing an additional 5,009 shares during the quarter. Modern Wealth Management LLC’s holdings in PepsiCo were worth $1,764,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently made changes to their positions in the business. Tcfg Wealth Management LLC raised its position in PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% in the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after purchasing an additional 70 shares during the period. Marshall Financial Group LLC lifted its position in PepsiCo by 2.3% during the fourth 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 in the last quarter. Osprey Private Wealth LLC grew its holdings in PepsiCo by 0.5% during the fourth 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 period. Finally, TAGStone Capital Inc. raised its stake in shares of PepsiCo by 2.8% in the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company’s stock worth $388,000 after buying an additional 70 shares during the period. Hedge funds and other institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

PepsiCo stock opened at $145.54 on Wednesday. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The company has a market cap of $199.61 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. The firm’s fifty day moving average is $149.09 and its 200 day moving average is $158.50. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced 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. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the firm earned $1.78 EPS. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts forecast that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on PEP shares. BNP Paribas cut their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. CICC Research reaffirmed a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. decreased their price target on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. Finally, Barclays lowered PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $169.88.

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.