Mpwm Advisory Solutions LLC Invests $66,000 in PepsiCo, Inc. (NASDAQ:PEP)

Mpwm Advisory Solutions LLC bought a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, HoldingsChannel reports. The institutional investor bought 432 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Talisman Wealth Advisors LLC increased its holdings in PepsiCo by 11.4% in the fourth quarter. Talisman Wealth Advisors LLC now owns 1,775 shares of the company’s stock valued at $270,000 after purchasing an additional 182 shares during the last quarter. Kinloch Capital LLC increased its holdings in PepsiCo by 3.1% in the fourth quarter. Kinloch Capital LLC now owns 20,135 shares of the company’s stock valued at $3,062,000 after purchasing an additional 598 shares during the last quarter. Delta Investment Management LLC increased its holdings in PepsiCo by 45.2% in the fourth quarter. Delta Investment Management LLC now owns 4,753 shares of the company’s stock valued at $723,000 after purchasing an additional 1,480 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in PepsiCo by 3.8% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 11,317,520 shares of the company’s stock valued at $1,720,942,000 after purchasing an additional 416,537 shares during the last quarter. Finally, Voloridge Investment Management LLC bought a new stake in PepsiCo in the fourth quarter valued at about $22,189,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Up 0.0%

PEP stock opened at $131.80 on Wednesday. The business has a 50-day moving average of $140.72 and a 200-day moving average of $149.07. PepsiCo, Inc. has a fifty-two week low of $127.87 and a fifty-two week high of $182.13. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The stock has a market capitalization of $180.71 billion, a P/E ratio of 18.96, a P/E/G ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $17.92 billion for the quarter, compared to analyst estimates of $17.81 billion. During the same period last year, the company posted $1.61 earnings per share. The business’s revenue for the quarter was down 1.8% on a year-over-year basis. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a dividend of $1.4225 per share. The ex-dividend date is Friday, June 6th. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo’s dividend payout ratio is 83.68%.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on PEP shares. HSBC dropped their price objective on PepsiCo from $186.00 to $170.00 and set a “hold” rating for the company in a report on Tuesday, February 4th. Royal Bank of Canada reissued a “sector perform” rating and issued a $163.00 target price on shares of PepsiCo in a research note on Tuesday, April 22nd. BNP Paribas decreased their target price on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research note on Tuesday, February 4th. Dbs Bank cut PepsiCo from a “strong-buy” rating to a “hold” rating in a research note on Friday, May 9th. Finally, Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and decreased their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $160.69.

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.