McGlone Suttner Wealth Management Inc. Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

McGlone Suttner Wealth Management Inc. increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 8.2% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,363 shares of the company’s stock after purchasing an additional 405 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in PepsiCo were worth $911,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in PEP. DHJJ Financial Advisors Ltd. bought a new position in PepsiCo in the third quarter worth approximately $25,000. Pacifica Partners Inc. purchased a new position in shares of PepsiCo during the 3rd quarter valued at $27,000. West Tower Group LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at $36,000. VitalStone Financial LLC purchased a new position in shares of PepsiCo during the 2nd quarter valued at $46,000. Finally, Pacific Center for Financial Services purchased a new position in shares of PepsiCo during the 1st quarter valued at $47,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

PEP has been the topic of several research analyst reports. Deutsche Bank Aktiengesellschaft boosted their price target on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target on the stock in a report on Monday, March 18th. JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Royal Bank of Canada reissued a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Five equities research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $187.77.

PepsiCo Stock Performance

PEP stock traded up $1.44 on Thursday, hitting $175.01. The company’s stock had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The firm has a 50 day moving average of $168.10 and a two-hundred day moving average of $167.99. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. The stock has a market cap of $240.55 billion, a price-to-earnings ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. 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 (NASDAQ:PEP) last announced its quarterly earnings data 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. The company had revenue of $27.84 billion for the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. PepsiCo’s revenue was down .6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.67 EPS. Equities analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.89%. PepsiCo’s payout ratio is 77.02%.

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.