Lyell Wealth Management LP Has $5.08 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Lyell Wealth Management LP raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 29,903 shares of the company’s stock after buying an additional 1,905 shares during the quarter. Lyell Wealth Management LP’s holdings in PepsiCo were worth $5,079,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of PEP. International Assets Investment Management LLC increased its holdings in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after acquiring an additional 3,026,611 shares in the last quarter. J.P. Morgan Private Wealth Advisors LLC bought a new position in shares of PepsiCo during the third quarter worth about $329,179,000. Flossbach Von Storch AG grew its holdings in shares of PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after buying an additional 1,495,586 shares in the last quarter. California Public Employees Retirement System grew its holdings in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after buying an additional 1,470,064 shares in the last quarter. Finally, Mackenzie Financial Corp grew its holdings in shares of PepsiCo by 68.0% during the fourth quarter. Mackenzie Financial Corp now owns 2,922,643 shares of the company’s stock worth $496,382,000 after buying an additional 1,183,371 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on PEP. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Jefferies Financial Group increased their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. JPMorgan Chase & Co. raised their price target on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research note on Wednesday. Finally, Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Six investment analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat.com, PepsiCo has a consensus rating of “Moderate Buy” and an average target price of $187.33.

PepsiCo Stock Performance

Shares of PEP traded up $6.19 during mid-day trading on Wednesday, reaching $177.41. The company’s stock had a trading volume of 10,011,958 shares, compared to its average volume of 5,852,656. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The stock has a market cap of $243.85 billion, a P/E ratio of 27.00, a PEG ratio of 2.77 and a beta of 0.53. The business has a 50-day simple moving average of $169.04 and a two-hundred day simple moving average of $167.70. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same period last year, the firm posted $1.50 earnings per share. The business’s revenue was up 2.3% on a year-over-year basis. As a group, equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.85%. PepsiCo’s payout ratio is currently 77.02%.

About PepsiCo

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.