TrueMark Investments LLC Has $4.69 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

TrueMark Investments LLC raised its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 51.8% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 30,825 shares of the company’s stock after buying an additional 10,519 shares during the period. PepsiCo comprises about 1.5% of TrueMark Investments LLC’s holdings, making the stock its 23rd largest position. TrueMark Investments LLC’s holdings in PepsiCo were worth $4,687,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Assenagon Asset Management S.A. boosted its holdings in PepsiCo by 104.2% during the 4th quarter. Assenagon Asset Management S.A. now owns 1,705,574 shares of the company’s stock worth $259,350,000 after acquiring an additional 870,451 shares during the last quarter. Hudson Valley Investment Advisors Inc. ADV boosted its holdings in PepsiCo by 12.8% during the fourth quarter. Hudson Valley Investment Advisors Inc. ADV now owns 41,580 shares of the company’s stock worth $6,323,000 after purchasing an additional 4,712 shares during the last quarter. Janus Henderson Group PLC grew its position in PepsiCo by 11.0% in the 3rd quarter. Janus Henderson Group PLC now owns 350,225 shares of the company’s stock worth $59,549,000 after purchasing an additional 34,633 shares in the last quarter. IHT Wealth Management LLC increased its stake in PepsiCo by 19.3% in the 3rd quarter. IHT Wealth Management LLC now owns 32,267 shares of the company’s stock valued at $5,493,000 after buying an additional 5,220 shares during the last quarter. Finally, Guinness Asset Management LTD boosted its stake in shares of PepsiCo by 5.2% in the 4th quarter. Guinness Asset Management LTD now owns 1,236,788 shares of the company’s stock worth $188,031,000 after buying an additional 61,541 shares during the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Down 0.6 %

Shares of NASDAQ:PEP opened at $145.54 on Wednesday. The firm has a fifty day moving average price of $149.09 and a two-hundred day moving average price of $158.50. The company has a market cap 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 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.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 analysts’ expectations of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm’s revenue was down .2% on a year-over-year basis. Analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

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 given 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 3.72%. PepsiCo’s payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

PEP has been the topic of several research analyst reports. 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. UBS Group decreased their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a report on Thursday, January 16th. JPMorgan Chase & Co. reduced their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Citigroup dropped their price objective on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research note on Wednesday, February 5th. Finally, Evercore ISI lowered their target price on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus 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.