PBMares Wealth Management LLC Has $1.12 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

PBMares Wealth Management LLC lowered its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the first quarter, Holdings Channel.com reports. The firm owned 7,475 shares of the company’s stock after selling 352 shares during the period. PBMares Wealth Management LLC’s holdings in PepsiCo were worth $1,121,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in PEP. Ossiam lifted its position in PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock valued at $11,192,000 after purchasing an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp boosted its stake in PepsiCo by 12.1% in the fourth quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock valued at $18,977,000 after acquiring an additional 13,461 shares during the last quarter. Hutner Capital Management Inc. grew its holdings in PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo during the 4th quarter valued at $47,899,000. Finally, Inspire Trust Co. N.A. lifted its stake in shares of PepsiCo by 39.2% in the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock valued at $2,604,000 after purchasing an additional 4,825 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $129.09 on Tuesday. The stock has a market capitalization of $176.99 billion, a PE ratio of 18.98, a price-to-earnings-growth ratio of 3.71 and a beta of 0.46. PepsiCo, Inc. has a 52 week low of $127.75 and a 52 week high of $180.91. The stock has a 50 day moving average price of $132.83 and a 200 day moving average price of $143.63. The company has a debt-to-equity ratio of 2.13, a quick ratio of 0.65 and a current ratio of 0.83.

PepsiCo (NASDAQ:PEP) last issued 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). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The firm had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 earnings per share. PepsiCo’s quarterly revenue was down 1.8% on a year-over-year basis. Analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm 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 dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This represents a $5.69 dividend on an annualized basis and a yield of 4.41%. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. PepsiCo’s dividend payout ratio (DPR) is presently 83.68%.

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on PEP shares. Royal Bank Of Canada reissued a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a research note on Tuesday, April 22nd. Jefferies Financial Group cut shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price target for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Barclays dropped their price objective 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. 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 research note on Friday, April 25th. Finally, Evercore ISI set a $140.00 price target on shares of PepsiCo in a research note on Thursday, April 24th. One equities research analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $160.69.

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.