Marietta Wealth Management LLC Grows Stake in PepsiCo, Inc. (NASDAQ:PEP)

Marietta Wealth Management LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPGet Rating) by 0.6% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 37,768 shares of the company’s stock after purchasing an additional 216 shares during the quarter. PepsiCo makes up 1.3% of Marietta Wealth Management LLC’s portfolio, making the stock its 27th biggest holding. Marietta Wealth Management LLC’s holdings in PepsiCo were worth $6,322,000 as of its most recent SEC filing.

Several other large investors have also added to or reduced their stakes in the stock. BlackRock Inc. grew its holdings in PepsiCo by 5.5% during the 4th quarter. BlackRock Inc. now owns 105,501,759 shares of the company’s stock valued at $18,326,710,000 after buying an additional 5,454,097 shares in the last quarter. State Street Corp grew its holdings in PepsiCo by 1.3% during the 4th quarter. State Street Corp now owns 58,904,562 shares of the company’s stock valued at $10,293,622,000 after buying an additional 763,595 shares in the last quarter. Geode Capital Management LLC grew its holdings in PepsiCo by 2.6% during the 4th quarter. Geode Capital Management LLC now owns 23,137,438 shares of the company’s stock valued at $4,008,329,000 after buying an additional 585,018 shares in the last quarter. Capital Research Global Investors grew its holdings in PepsiCo by 9.6% during the 4th quarter. Capital Research Global Investors now owns 18,698,968 shares of the company’s stock valued at $3,248,196,000 after buying an additional 1,634,702 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. grew its holdings in PepsiCo by 0.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 13,837,497 shares of the company’s stock valued at $2,403,712,000 after buying an additional 93,169 shares in the last quarter. Hedge funds and other institutional investors own 72.12% of the company’s stock.

In other news, CEO Eugene Willemsen sold 4,560 shares of PepsiCo stock in a transaction on Monday, May 16th. The stock was sold at an average price of $175.61, for a total value of $800,781.60. Following the transaction, the chief executive officer now directly owns 8,277 shares in the company, valued at approximately $1,453,523.97. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP David Flavell sold 5,150 shares of PepsiCo stock in a transaction on Monday, May 16th. The shares were sold at an average price of $175.11, for a total value of $901,816.50. Following the completion of the transaction, the executive vice president now owns 28,275 shares in the company, valued at $4,951,235.25. The disclosure for this sale can be found here. Company insiders own 0.12% of the company’s stock.

Shares of NASDAQ PEP opened at $162.03 on Thursday. The company has a quick ratio of 0.68, a current ratio of 0.87 and a debt-to-equity ratio of 1.89. The business has a fifty day simple moving average of $166.98 and a two-hundred day simple moving average of $168.10. The firm has a market cap of $224.04 billion, a PE ratio of 22.17, a price-to-earnings-growth ratio of 3.12 and a beta of 0.59. PepsiCo, Inc. has a twelve month low of $144.61 and a twelve month high of $177.62.

PepsiCo (NASDAQ:PEPGet Rating) last issued its earnings results on Tuesday, April 26th. The company reported $1.29 earnings per share for the quarter, beating analysts’ consensus estimates of $1.24 by $0.05. PepsiCo had a return on equity of 53.44% and a net margin of 12.57%. The business had revenue of $16.20 billion during the quarter, compared to analyst estimates of $15.54 billion. During the same period in the previous year, the company posted $1.21 EPS. PepsiCo’s revenue was up 9.3% on a year-over-year basis. On average, research analysts expect that PepsiCo, Inc. will post 6.64 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Thursday, June 30th. Stockholders of record on Friday, June 3rd will be issued a $1.15 dividend. The ex-dividend date of this dividend is Thursday, June 2nd. This is an increase from PepsiCo’s previous quarterly dividend of $1.08. This represents a $4.60 dividend on an annualized basis and a dividend yield of 2.84%. PepsiCo’s dividend payout ratio (DPR) is currently 62.93%.

Several equities research analysts have recently issued reports on PEP shares. Deutsche Bank Aktiengesellschaft raised their price objective on PepsiCo from $173.00 to $175.00 in a research note on Wednesday, April 27th. Citigroup raised their price objective on PepsiCo from $194.00 to $198.00 in a research note on Wednesday, April 27th. StockNews.com initiated coverage on PepsiCo in a research note on Thursday, March 31st. They set a “buy” rating for the company. Wells Fargo & Company decreased their price target on PepsiCo from $175.00 to $172.00 and set an “equal weight” rating for the company in a research note on Tuesday. Finally, Guggenheim raised their price target on PepsiCo from $188.00 to $193.00 in a research note on Wednesday, April 27th. Seven analysts have rated the stock with a hold rating and nine have issued a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $177.13.

PepsiCo Profile (Get Rating)

PepsiCo, Inc manufactures, markets, distributes, and sells 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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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