Marino Stram & Associates LLC Has $2.40 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Marino Stram & Associates LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 6.8% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 16,034 shares of the company’s stock after selling 1,177 shares during the quarter. Marino Stram & Associates LLC’s holdings in PepsiCo were worth $2,404,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the company. WealthTrak Capital Management LLC bought a new stake in shares of PepsiCo during the 4th quarter worth $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo in the fourth quarter worth about $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo in the 4th quarter valued at approximately $30,000. Measured Risk Portfolios Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at approximately $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $33,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Trading Down 1.6%

PEP opened at $129.29 on Wednesday. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The company has a fifty day moving average of $134.13 and a 200-day moving average of $144.63. The stock has a market cap of $177.27 billion, a PE ratio of 19.01, a price-to-earnings-growth ratio of 3.77 and a beta of 0.45. The company has a quick ratio of 0.65, a current ratio of 0.83 and a debt-to-equity ratio of 2.13.

PepsiCo (NASDAQ:PEP) last issued its quarterly 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 for the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business’s revenue was down 1.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.61 earnings per share. On average, sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.40%. PepsiCo’s dividend payout ratio (DPR) is 83.68%.

Wall Street Analyst Weigh In

A number of analysts have weighed in on PEP shares. Bank of America decreased their target price on shares of PepsiCo from $155.00 to $150.00 and set a “neutral” rating on the stock in a research note on Friday, April 25th. Royal Bank Of Canada reissued a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Evercore ISI set a $140.00 target price on PepsiCo in a report on Thursday, April 24th. Barclays cut their price target on PepsiCo from $143.00 to $135.00 and set an “equal weight” rating on the stock in a research note on Monday, April 28th. Finally, JPMorgan Chase & Co. boosted their price target on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. One analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $160.69.

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.