Trueblood Wealth Management LLC Takes $890,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Trueblood Wealth Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,243 shares of the company’s stock, valued at approximately $890,000.

Other institutional investors also recently bought and sold shares of the company. Harbour Capital Advisors LLC increased its stake in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Manchester Capital Management LLC increased its stake in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares in the last quarter. Marion Wealth Management increased its stake in shares of PepsiCo by 31.7% during the fourth quarter. Marion Wealth Management now owns 7,888 shares of the company’s stock valued at $1,340,000 after purchasing an additional 1,900 shares in the last quarter. Metis Global Partners LLC grew its holdings in shares of PepsiCo by 20.1% during the third quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after buying an additional 10,005 shares during the last quarter. Finally, Widmann Financial Services Inc. grew its holdings in shares of PepsiCo by 7.1% during the third quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after buying an additional 530 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

NASDAQ:PEP traded up $1.44 during trading hours on Thursday, reaching $175.01. 5,623,770 shares of the company were exchanged, compared to its average volume of 5,941,032. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. The firm has a market cap of $240.55 billion, a PE ratio of 26.68, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The stock’s 50-day moving average is $167.96 and its 200-day moving average is $167.95. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data 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 net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter last year, the firm posted $1.67 earnings per share. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a dividend of $1.265 per share. The ex-dividend date is Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. PepsiCo’s payout ratio is currently 77.02%.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on PEP shares. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Finally, Wedbush reaffirmed an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Five analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $187.77.

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.