Lee Danner & Bass Inc. Purchases 732 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Lee Danner & Bass Inc. grew its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,589 shares of the company’s stock after purchasing an additional 732 shares during the quarter. Lee Danner & Bass Inc.’s holdings in PepsiCo were worth $2,522,000 as of its most recent SEC filing.

Several other institutional investors have also recently modified their holdings of PEP. Tcfg Wealth Management LLC grew its position in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company’s stock worth $295,000 after acquiring an additional 66 shares during the last quarter. Lincoln Capital LLC grew its position in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company’s stock worth $2,556,000 after acquiring an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company’s stock worth $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC grew its position in PepsiCo by 0.5% during the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company’s stock worth $2,290,000 after acquiring an additional 70 shares during the last quarter. Finally, Michael S. Ryan Inc. grew its position in PepsiCo by 3.3% during the 4th quarter. Michael S. Ryan Inc. now owns 2,239 shares of the company’s stock worth $340,000 after acquiring an additional 71 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ:PEP opened at $147.15 on Friday. The stock has a fifty day simple moving average of $148.98 and a two-hundred day simple moving average of $159.41. The stock has a market capitalization of $201.82 billion, a price-to-earnings ratio of 21.17, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s quarterly revenue was down .2% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.78 earnings per share. On average, research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.68%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is currently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on PEP shares. Morgan Stanley reduced their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft cut their price objective 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 lowered PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and cut their price objective for the stock from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, TD Cowen cut their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research report on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $169.88.

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.