Marietta Wealth Management LLC Grows Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Marietta Wealth Management LLC boosted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 36,966 shares of the company’s stock after acquiring an additional 1,656 shares during the quarter. Marietta Wealth Management LLC’s holdings in PepsiCo were worth $6,278,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Mirae Asset Global Investments Co. Ltd. grew its holdings in PepsiCo by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock worth $188,812,000 after acquiring an additional 286,169 shares during the period. AMI Investment Management Inc. boosted its position in shares of PepsiCo by 0.7% during the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after purchasing an additional 113 shares in the last quarter. Mather Group LLC. increased its holdings in shares of PepsiCo by 29.3% in the 1st quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after purchasing an additional 1,262 shares in the last quarter. Wsfs Capital Management LLC lifted its stake in shares of PepsiCo by 117.2% in the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock valued at $501,000 after purchasing an additional 1,616 shares during the period. Finally, Equitable Holdings Inc. boosted its holdings in PepsiCo by 8.5% during the first quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after buying an additional 2,116 shares in the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

PEP has been the subject of a number of research reports. Jefferies Financial Group lifted their price target 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. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and dropped their target price for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. 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 report on Monday, March 18th. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.32 during trading hours on Tuesday, reaching $168.27. 1,670,902 shares of the stock were exchanged, compared to its average volume of 5,708,151. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The stock has a market capitalization of $231.29 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.64 and a beta of 0.53. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The firm has a 50 day simple moving average of $168.70 and a 200-day simple moving average of $167.38.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Friday, February 9th. The company reported $1.78 EPS for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the company earned $1.67 earnings per share. The business’s revenue was down .6% compared to the same quarter last year. As a group, sell-side analysts forecast 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. Stockholders of record on Friday, March 1st were given a dividend of $1.265 per share. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.01%. PepsiCo’s dividend 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.