PepsiCo, Inc. (NASDAQ:PEP) Stake Lifted by Mark Sheptoff Financial Planning LLC

Mark Sheptoff Financial Planning LLC increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 0.3% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 50,333 shares of the company’s stock after purchasing an additional 164 shares during the quarter. PepsiCo makes up approximately 5.2% of Mark Sheptoff Financial Planning LLC’s portfolio, making the stock its 5th biggest holding. Mark Sheptoff Financial Planning LLC’s holdings in PepsiCo were worth $8,549,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Norges Bank purchased a new position in PepsiCo during the fourth quarter valued at approximately $2,686,139,000. International Assets Investment Management LLC increased its holdings in shares of PepsiCo by 9,623.6% in the fourth quarter. International Assets Investment Management LLC now owns 3,058,061 shares of the company’s stock worth $519,381,000 after purchasing an additional 3,026,611 shares during the period. J.P. Morgan Private Wealth Advisors LLC purchased a new stake in shares of PepsiCo in the third quarter worth $329,179,000. Flossbach Von Storch AG grew its position in PepsiCo by 121.4% during the fourth quarter. Flossbach Von Storch AG now owns 2,727,622 shares of the company’s stock worth $463,259,000 after buying an additional 1,495,586 shares in the last quarter. Finally, California Public Employees Retirement System raised its holdings in shares of PepsiCo by 17.9% in the 4th quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock valued at $1,641,389,000 after acquiring an additional 1,470,064 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on PEP shares. Barclays lifted their price target on PepsiCo from $184.00 to $185.00 and gave the stock an “overweight” rating in a research note on Thursday, April 25th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and boosted their price objective for the stock from $180.00 to $195.00 in a report on Monday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research report on Friday, February 9th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Finally, StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six analysts have rated the stock with a hold rating and six have assigned a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has a consensus rating of “Moderate Buy” and a consensus target price of $187.58.

Insider Buying and Selling

In other news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $178.00, for a total transaction of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at $9,603,634. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 0.15% of the stock is currently owned by corporate insiders.

PepsiCo Stock Performance

PEP traded down $2.63 during mid-day trading on Thursday, reaching $179.46. 1,536,229 shares of the company traded hands, compared to its average volume of 5,461,693. The company’s fifty day moving average price is $174.02 and its 200-day moving average price is $170.00. The stock has a market capitalization of $246.72 billion, a P/E ratio of 27.19, a P/E/G ratio of 2.95 and a beta of 0.52. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $192.38.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. During the same quarter in the previous year, the company posted $1.50 earnings per share. PepsiCo’s revenue for the quarter was up 2.3% on a year-over-year basis. On average, sell-side analysts expect that PepsiCo, Inc. will post 8.17 EPS for the current year.

PepsiCo Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.02%. This is an increase from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 76.09%.

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.