PepsiCo, Inc. (NASDAQ:PEP) Shares Purchased by Larson Financial Group LLC

Larson Financial Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.7% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 4,385 shares of the company’s stock after purchasing an additional 72 shares during the period. Larson Financial Group LLC’s holdings in PepsiCo were worth $745,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of PEP. Cerity Partners LLC increased its holdings in shares of PepsiCo by 59.4% in the 4th quarter. Cerity Partners LLC now owns 993,567 shares of the company’s stock valued at $168,747,000 after purchasing an additional 370,122 shares in the last quarter. Harbour Capital Advisors LLC increased its holdings in shares of PepsiCo by 0.4% in the 4th quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after purchasing an additional 102 shares in the last quarter. Meadow Creek Wealth Advisors LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at about $405,000. Manchester Capital Management LLC increased its holdings in shares of PepsiCo by 1.4% in the 3rd quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after purchasing an additional 185 shares in the last quarter. Finally, Householder Group Estate & Retirement Specialist LLC increased its holdings in PepsiCo by 34.5% during the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 12,317 shares of the company’s stock valued at $2,091,000 after acquiring an additional 3,159 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Down 2.3 %

NASDAQ:PEP traded down $4.04 during trading hours on Tuesday, hitting $172.42. 5,006,238 shares of the stock traded hands, compared to its average volume of 5,744,757. The firm has a 50 day moving average price of $168.80 and a 200 day moving average price of $167.55. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a fifty-two week low of $155.83 and a fifty-two week high of $196.88. The firm has a market cap of $236.99 billion, a price-to-earnings ratio of 26.21, a PEG ratio of 2.73 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the previous year, the business earned $1.67 EPS. The company’s revenue was down .6% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Investors of record on Friday, March 1st were issued a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 2.93%. The ex-dividend date of this dividend was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEP shares. Citigroup raised shares of PepsiCo from a “neutral” rating to a “buy” rating and raised their target price for the stock from $180.00 to $195.00 in a research report on Monday, February 12th. Morgan Stanley raised shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a research report on Monday, March 18th. Deutsche Bank Aktiengesellschaft boosted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Jefferies Financial Group boosted their price objective on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Finally, StockNews.com lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and an average price target of $186.92.

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.