Mcmorgan & Co. LLC Has $621,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Mcmorgan & Co. LLC lessened its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 2.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,082 shares of the company’s stock after selling 85 shares during the period. Mcmorgan & Co. LLC’s holdings in PepsiCo were worth $621,000 at the end of the most recent quarter.

Other hedge funds have also added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its position in shares of PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after acquiring an additional 90 shares during the period. Morse Asset Management Inc purchased a new position in PepsiCo in the third quarter valued at approximately $996,000. Invst LLC grew its holdings in PepsiCo by 4.6% during the third quarter. Invst LLC now owns 3,003 shares of the company’s stock valued at $511,000 after purchasing an additional 133 shares during the period. Virtu Financial LLC bought a new stake in shares of PepsiCo in the third quarter valued at $1,611,000. Finally, Te Ahumairangi Investment Management Ltd lifted its position in shares of PepsiCo by 3.4% during the 3rd quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company’s stock valued at $2,811,000 after buying an additional 550 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on the company. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a report on Wednesday, February 5th. Morgan Stanley lowered their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. BNP Paribas reduced their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Finally, UBS Group dropped their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Hold” and an average price target of $168.12.

PepsiCo Price Performance

Shares of NASDAQ:PEP opened at $142.84 on Friday. PepsiCo, Inc. has a one year low of $138.33 and a one year high of $183.41. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The firm has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The company’s fifty day moving average price is $148.16 and its 200-day moving average price is $154.84.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 earnings per share. The company’s revenue for the quarter was down .2% on a year-over-year basis. On average, equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were paid a $1.355 dividend. This represents a $5.42 annualized dividend and a yield of 3.79%. The ex-dividend date was Friday, March 7th. PepsiCo’s dividend payout ratio is currently 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.