RWA Wealth Partners LLC Raises Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

RWA Wealth Partners LLC boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 11.6% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 239,231 shares of the company’s stock after purchasing an additional 24,923 shares during the period. RWA Wealth Partners LLC’s holdings in PepsiCo were worth $36,377,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Vanguard Group Inc. lifted its stake in PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock valued at $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. State Street Corp lifted its position in shares of PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC grew its stake in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock worth $5,170,529,000 after acquiring an additional 543,558 shares during the period. Charles Schwab Investment Management Inc. increased its holdings 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 acquiring an additional 3,856,193 shares during the last quarter. Finally, Norges Bank purchased a new stake in PepsiCo during the fourth quarter valued at about $2,729,565,000. Institutional investors own 73.07% of the company’s stock.

Analyst Ratings Changes

Several analysts have recently issued reports on the stock. Barclays lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and lowered their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a research report on Wednesday, January 22nd. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Morgan Stanley dropped their price objective on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Finally, UBS Group reduced their target price on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat.com, PepsiCo currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Performance

NASDAQ PEP opened at $149.27 on Friday. The company has a market capitalization of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. 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 $141.51 and a 52-week high of $183.41. The company has a fifty day moving average of $149.25 and a 200-day moving average of $158.03.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) 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 analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.78 earnings per share. As a group, equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be paid a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a dividend yield of 3.63%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

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.