Magnolia Private Wealth LLC Buys 356 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Magnolia Private Wealth LLC increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 19.8% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 2,155 shares of the company’s stock after purchasing an additional 356 shares during the quarter. Magnolia Private Wealth LLC’s holdings in PepsiCo were worth $323,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the company. Collier Financial acquired a new position in PepsiCo during the fourth quarter valued at approximately $28,000. WealthTrak Capital Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at about $28,000. Creative Capital Management Investments LLC bought a new position in PepsiCo in the fourth quarter valued at about $30,000. Prudent Man Investment Management Inc. acquired a new position in PepsiCo during the fourth quarter worth about $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo in the fourth quarter worth about $31,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the stock. Royal Bank of Canada reiterated a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research report on Tuesday, April 22nd. Barclays dropped their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating for the company in a research note on Monday, April 28th. Morgan Stanley lowered their target price on PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, Bank of America reduced their price target on PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a report on Friday, April 25th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $160.69.

PepsiCo Stock Performance

Shares of PEP opened at $131.83 on Wednesday. The firm has a market capitalization of $180.75 billion, a P/E ratio of 18.97, a P/E/G ratio of 3.09 and a beta of 0.45. The stock has a 50 day moving average price of $135.37 and a two-hundred day moving average price of $145.74. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analysts’ expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $1.61 EPS. Equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be issued a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.32%. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s payout ratio is 83.68%.

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.