Dopkins Wealth Management LLC Makes New $263,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Dopkins Wealth Management LLC acquired a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 1,732 shares of the company’s stock, valued at approximately $263,000.

Several other institutional investors have also bought and sold shares of the stock. Collier Financial bought a new stake in shares of PepsiCo during the 4th quarter worth about $28,000. Legacy Investment Solutions LLC bought a new stake in PepsiCo during the third quarter worth approximately $31,000. Creative Capital Management Investments LLC acquired a new stake in PepsiCo in the fourth quarter worth approximately $30,000. Bay Harbor Wealth Management LLC bought a new position in PepsiCo during the 4th quarter valued at $34,000. Finally, Human Investing LLC acquired a new position in shares of PepsiCo during the 4th quarter valued at $39,000. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of NASDAQ PEP opened at $151.34 on Tuesday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. PepsiCo, Inc. has a one year low of $141.51 and a one year high of $183.41. The business’s 50-day moving average price is $148.86 and its two-hundred day moving average price is $159.75. The company has a market capitalization of $207.56 billion, a P/E ratio of 21.78, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% on a year-over-year basis. During the same quarter last year, the firm earned $1.78 earnings per share. Analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal 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 issued a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.58%. PepsiCo’s dividend payout ratio (DPR) is currently 77.99%.

Wall Street Analyst Weigh In

A number of research analysts recently issued reports on PEP shares. Morgan Stanley lowered their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a report on Wednesday, February 5th. Evercore ISI cut their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Citigroup decreased their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada assumed coverage on PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. Finally, Deutsche Bank Aktiengesellschaft cut 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. One analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and seven have issued a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $170.59.

About PepsiCo

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.