WealthPLAN Partners LLC Purchases 8,010 Shares of PepsiCo, Inc. (NASDAQ:PEP)


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WealthPLAN Partners LLC raised its stake in PepsiCo, Inc. (NASDAQ:PEP) by 15.2% in the fourth quarter, Holdings Channel reports. The fund owned 60,679 shares of the company’s stock after purchasing an additional 8,010 shares during the quarter. WealthPLAN Partners LLC’s holdings in PepsiCo were worth $8,476,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the company. Princeton Global Asset Management LLC lifted its holdings in shares of PepsiCo by 2.9% in the fourth quarter. Princeton Global Asset Management LLC now owns 20,031 shares of the company’s stock worth $2,971,000 after acquiring an additional 565 shares during the last quarter. Marietta Wealth Management LLC lifted its holdings in shares of PepsiCo by 3.6% in the fourth quarter. Marietta Wealth Management LLC now owns 29,993 shares of the company’s stock worth $4,448,000 after acquiring an additional 1,048 shares during the last quarter. Swedbank lifted its holdings in shares of PepsiCo by 0.3% in the fourth quarter. Swedbank now owns 1,026,712 shares of the company’s stock worth $151,245,000 after acquiring an additional 3,143 shares during the last quarter. Blair William & Co. IL lifted its holdings in shares of PepsiCo by 11.1% in the fourth quarter. Blair William & Co. IL now owns 483,294 shares of the company’s stock worth $71,672,000 after acquiring an additional 48,307 shares during the last quarter. Finally, OmniStar Financial Group Inc. lifted its holdings in shares of PepsiCo by 21.4% in the fourth quarter. OmniStar Financial Group Inc. now owns 13,010 shares of the company’s stock worth $1,929,000 after acquiring an additional 2,293 shares during the last quarter. 69.94% of the stock is owned by hedge funds and other institutional investors.

PEP has been the subject of several recent research reports. Barclays reaffirmed a “neutral” rating on shares of PepsiCo in a research note on Sunday, February 14th. Wells Fargo & Company initiated coverage on PepsiCo in a research note on Monday, December 7th. They issued an “equal weight” rating and a $157.00 price objective for the company. Sanford C. Bernstein initiated coverage on PepsiCo in a research note on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 price objective for the company. Royal Bank of Canada downgraded PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 price objective for the company. in a research note on Monday, January 4th. They noted that the move was a valuation call. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on PepsiCo from $143.00 to $148.00 and gave the company a “hold” rating in a research note on Wednesday, February 3rd. One research analyst has rated the stock with a sell rating, six have given a hold rating, eight have assigned a buy rating and two have issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $144.78.

Shares of PepsiCo stock traded up $0.03 on Tuesday, reaching $132.02. 236,242 shares of the company’s stock were exchanged, compared to its average volume of 4,864,003. The company has a market capitalization of $182.14 billion, a P/E ratio of 26.14, a price-to-earnings-growth ratio of 3.63 and a beta of 0.57. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $148.77. The firm’s 50-day moving average is $139.12 and its two-hundred day moving average is $139.92. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Thursday, February 11th. The company reported $1.47 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. On average, analysts expect that PepsiCo, Inc. will post 5.51 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th will be issued a dividend of $1.0225 per share. This represents a $4.09 dividend on an annualized basis and a dividend yield of 3.10%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.

PepsiCo Company Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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