Mcdonald Partners LLC Has $2.86 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mcdonald Partners LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 10.0% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 18,795 shares of the company’s stock after buying an additional 1,704 shares during the period. Mcdonald Partners LLC’s holdings in PepsiCo were worth $2,858,000 at the end of the most recent quarter.

A number of other large investors have also recently bought and sold shares of the business. Highline Wealth Partners LLC bought a new position in PepsiCo during the third quarter worth $28,000. Collier Financial acquired a new position in shares of PepsiCo during the fourth quarter valued at about $28,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo during the 3rd quarter worth about $31,000. Rakuten Securities Inc. increased its position in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock valued at $34,000 after buying an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have recently commented on PEP. UBS Group decreased their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. Barclays lowered their price objective on shares of PepsiCo from $158.00 to $153.00 and set an “overweight” rating on the stock in a report on Thursday, February 6th. JPMorgan Chase & Co. reduced their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a report on Friday, January 24th. Wells Fargo & Company dropped their price target on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Finally, Evercore ISI dropped their target price on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. Based on data from MarketBeat, PepsiCo presently has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Stock Down 0.8 %

PEP stock opened at $143.39 on Tuesday. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41. The stock has a fifty day moving average of $149.80 and a 200-day moving average of $163.06. The company has a market capitalization of $196.66 billion, a price-to-earnings ratio of 20.63, a PEG ratio of 2.89 and a beta of 0.54. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.70 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue was down .2% on a year-over-year basis. During the same quarter last year, the company earned $1.78 earnings per share. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.78%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

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.