Magnus Financial Group LLC Purchases 1,366 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Magnus Financial Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 10.6% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 14,195 shares of the company’s stock after acquiring an additional 1,366 shares during the quarter. Magnus Financial Group LLC’s holdings in PepsiCo were worth $2,411,000 as of its most recent SEC filing.

A number of other institutional investors have also recently bought and sold shares of the business. Amplius Wealth Advisors LLC lifted its stake in PepsiCo by 2.8% in the fourth quarter. Amplius Wealth Advisors LLC now owns 2,241 shares of the company’s stock valued at $381,000 after acquiring an additional 60 shares during the last quarter. Darwin Wealth Management LLC raised its position in PepsiCo by 2.7% during the third quarter. Darwin Wealth Management LLC now owns 2,345 shares of the company’s stock valued at $397,000 after purchasing an additional 61 shares in the last quarter. Sugarloaf Wealth Management LLC lifted its position in shares of PepsiCo by 2.6% during the 4th quarter. Sugarloaf Wealth Management LLC now owns 2,420 shares of the company’s stock worth $411,000 after buying an additional 61 shares during the last quarter. Beacon Financial Advisory LLC boosted its stake in shares of PepsiCo by 3.1% in the 3rd quarter. Beacon Financial Advisory LLC now owns 2,135 shares of the company’s stock valued at $362,000 after purchasing an additional 65 shares in the last quarter. Finally, Pathway Financial Advisors LLC increased its stake in shares of PepsiCo by 4.5% in the third quarter. Pathway Financial Advisors LLC now owns 1,506 shares of the company’s stock valued at $255,000 after buying an additional 65 shares during the period. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

NASDAQ:PEP traded down $1.10 during mid-day trading on Friday, hitting $175.58. 4,472,102 shares of the company traded hands, compared to its average volume of 5,365,961. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The stock’s fifty day moving average price is $169.40 and its 200-day moving average price is $167.88. The firm has a market cap of $241.39 billion, a price-to-earnings ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter last year, the business posted $1.50 earnings per share. The business’s quarterly revenue was up 2.3% compared to the same quarter last year. Research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

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 was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s payout ratio is 76.09%.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and upped their target price for the company from $180.00 to $195.00 in a report on Monday, February 12th. Jefferies Financial Group increased their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research report on Friday, April 5th. Barclays upped their price objective on shares of PepsiCo from $184.00 to $185.00 and gave the company an “overweight” rating in a report on Thursday. Finally, Royal Bank of Canada reiterated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a research report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo 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.