Marino Stram & Associates LLC Boosts Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Marino Stram & Associates LLC increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 18,618 shares of the company’s stock after acquiring an additional 69 shares during the period. PepsiCo makes up about 0.8% of Marino Stram & Associates LLC’s holdings, making the stock its 22nd largest holding. Marino Stram & Associates LLC’s holdings in PepsiCo were worth $3,162,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Marietta Wealth Management LLC boosted its position in shares of PepsiCo by 4.7% during the fourth quarter. Marietta Wealth Management LLC now owns 36,966 shares of the company’s stock worth $6,278,000 after buying an additional 1,656 shares during the period. Suncoast Equity Management raised its stake in shares of PepsiCo by 3.2% in the fourth quarter. Suncoast Equity Management now owns 12,147 shares of the company’s stock valued at $2,063,000 after acquiring an additional 375 shares in the last quarter. First American Trust FSB raised its stake in shares of PepsiCo by 64.5% in the fourth quarter. First American Trust FSB now owns 7,191 shares of the company’s stock valued at $1,221,000 after acquiring an additional 2,819 shares in the last quarter. Hamilton Point Investment Advisors LLC grew its holdings in shares of PepsiCo by 1.0% during the fourth quarter. Hamilton Point Investment Advisors LLC now owns 33,608 shares of the company’s stock worth $5,749,000 after purchasing an additional 323 shares during the last quarter. Finally, VELA Investment Management LLC grew its holdings in shares of PepsiCo by 6.2% during the fourth quarter. VELA Investment Management LLC now owns 6,506 shares of the company’s stock worth $1,105,000 after buying an additional 380 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Trading Up 0.6 %

Shares of PepsiCo stock traded up $0.96 during trading hours on Tuesday, reaching $167.91. 1,814,243 shares of the company’s stock were exchanged, compared to its average volume of 5,709,770. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The firm has a market capitalization of $230.79 billion, a price-to-earnings ratio of 25.61, a price-to-earnings-growth ratio of 2.64 and a beta of 0.53. The company has a fifty day moving average of $168.70 and a 200-day moving average of $167.38. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Friday, February 9th. The company reported $1.78 EPS for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. The business had revenue of $27.84 billion during the quarter, compared to the consensus estimate of $28.40 billion. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business’s revenue for the quarter was down .6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.67 EPS. Sell-side analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were paid a $1.265 dividend. The ex-dividend date was Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 3.01%. PepsiCo’s payout ratio is currently 77.02%.

Analyst Ratings Changes

PEP has been the topic of a number of research reports. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft raised their price target on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Morgan Stanley raised PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. Jefferies Financial Group lifted their price objective on PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, JPMorgan Chase & Co. lowered PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price objective for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $186.92.

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.