3,432 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 3,432 shares of the company’s stock, valued at approximately $522,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Collier Financial acquired a new stake in PepsiCo in the 4th quarter valued at $28,000. Legacy Investment Solutions LLC purchased a new stake in shares of PepsiCo during the 3rd quarter valued at about $31,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter worth approximately $30,000. Bay Harbor Wealth Management LLC acquired a new stake in PepsiCo in the fourth quarter valued at approximately $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo during the fourth quarter valued at approximately $39,000. 73.07% of the stock is owned by institutional investors and hedge funds.

PepsiCo Trading Down 0.6 %

PepsiCo stock opened at $145.54 on Wednesday. The firm has a 50-day moving average price of $149.09 and a two-hundred day moving average price of $158.50. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41. The firm has a market capitalization of $199.61 billion, a price-to-earnings ratio of 20.94, a PEG ratio of 3.09 and a beta of 0.52. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The business’s revenue for the quarter was down .2% compared to the same quarter last year. Sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced 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. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.72%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analyst Weigh In

Several research firms recently issued reports on PEP. Morgan Stanley dropped their price target on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Evercore ISI reduced their price target on PepsiCo from $180.00 to $160.00 in a report on Tuesday, February 4th. Barclays downgraded PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price objective for the stock from $168.00 to $156.00 in a report on Tuesday, March 18th. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Finally, Jefferies Financial Group downgraded shares of PepsiCo from a “buy” rating to a “hold” rating and reduced their price objective for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. One research 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 MarketBeat.com, PepsiCo presently has a consensus rating of “Hold” and a consensus price target 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.