Marietta Wealth Management LLC Has $8.59 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Marietta Wealth Management LLC grew its stake in PepsiCo, Inc. (NASDAQ:PEP) by 19.5% during the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 57,275 shares of the company’s stock after purchasing an additional 9,335 shares during the period. PepsiCo comprises about 1.3% of Marietta Wealth Management LLC’s investment portfolio, making the stock its 28th biggest position. Marietta Wealth Management LLC’s holdings in PepsiCo were worth $8,588,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Ossiam grew its position in PepsiCo by 138.9% in the 4th quarter. Ossiam now owns 73,604 shares of the company’s stock worth $11,192,000 after purchasing an additional 42,793 shares during the last quarter. OMERS ADMINISTRATION Corp lifted its holdings in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company’s stock worth $18,977,000 after acquiring an additional 13,461 shares during the period. Hutner Capital Management Inc. lifted its holdings in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company’s stock worth $8,178,000 after acquiring an additional 6,865 shares during the period. Polar Asset Management Partners Inc. bought a new position in shares of PepsiCo during the 4th quarter worth about $47,899,000. Finally, Inspire Trust Co. N.A. lifted its holdings in shares of PepsiCo by 39.2% during the 4th quarter. Inspire Trust Co. N.A. now owns 17,125 shares of the company’s stock worth $2,604,000 after acquiring an additional 4,825 shares during the period. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $129.07 on Friday. PepsiCo, Inc. has a 1-year low of $127.75 and a 1-year high of $180.91. The company has a market cap of $176.97 billion, a PE ratio of 18.98, a P/E/G ratio of 3.71 and a beta of 0.45. The company has a current ratio of 0.83, a quick ratio of 0.65 and a debt-to-equity ratio of 2.13. The company has a 50-day moving average of $133.19 and a two-hundred day moving average of $144.06.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same period in the prior year, the firm posted $1.61 earnings per share. The company’s revenue was down 1.8% on a year-over-year basis. As a group, equities analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a dividend of $1.4225 per share. This is a boost from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date of this dividend is Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.41%. PepsiCo’s payout ratio is currently 83.68%.

Analysts Set New Price Targets

A number of research firms have recently commented on PEP. Dbs Bank downgraded shares of PepsiCo from a “strong-buy” rating to a “hold” rating in a report on Friday, May 9th. UBS Group reduced their price objective on shares of PepsiCo from $175.00 to $169.00 and set a “buy” rating for the company in a report on Friday, April 25th. Royal Bank Of Canada reaffirmed a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. Morgan Stanley cut their price target on shares of PepsiCo from $168.00 to $153.00 and set an “equal weight” rating for the company in a report on Friday, April 25th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One analyst has rated the stock with a sell rating, fifteen have issued a hold rating and four have assigned a buy rating to the stock. According to MarketBeat, PepsiCo presently has a consensus rating of “Hold” and an average target price of $160.69.

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.