Mpwm Advisory Solutions LLC Acquires New Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mpwm Advisory Solutions LLC acquired a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 432 shares of the company’s stock, valued at approximately $66,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in PepsiCo in the 4th quarter worth approximately $2,729,565,000. Raymond James Financial Inc. bought a new position in PepsiCo in the 4th quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. increased its position in PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after buying an additional 3,856,193 shares during the period. Vanguard Group Inc. increased its position in PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after buying an additional 1,376,133 shares during the period. Finally, Van ECK Associates Corp increased its position in PepsiCo by 360.0% in the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company’s stock worth $258,158,000 after buying an additional 1,328,672 shares during the period. 73.07% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on PEP shares. Wells Fargo & Company decreased their price objective on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Royal Bank of Canada reissued a “sector perform” rating and set a $163.00 price objective on shares of PepsiCo in a report on Tuesday, April 22nd. CICC Research reissued a “market perform” rating on shares of PepsiCo in a report on Friday, February 7th. JPMorgan Chase & Co. lifted their price objective on PepsiCo from $158.00 to $159.00 and gave the stock a “neutral” rating in a report on Monday, April 21st. Finally, Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the stock 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 given a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus price target of $160.69.

PepsiCo Trading Up 0.0%

Shares of PEP opened at $131.80 on Wednesday. The stock has a fifty day moving average price of $140.72 and a two-hundred day moving average price of $149.07. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 52-week low of $127.87 and a 52-week high of $182.13. The company has a market cap of $180.71 billion, a price-to-earnings ratio of 18.96, a PEG ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share (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 business had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter in the previous year, the firm posted $1.61 EPS. The company’s revenue for the quarter was down 1.8% compared to the same quarter last year. Analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo’s previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. This represents a $5.69 annualized dividend and a yield of 4.32%. PepsiCo’s payout ratio is presently 83.68%.

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.