Marino Stram & Associates LLC Buys 69 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Marino Stram & Associates LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,618 shares of the company’s stock after acquiring an additional 69 shares during the period. PepsiCo makes up about 0.8% of Marino Stram & Associates LLC’s investment portfolio, making the stock its 22nd largest holding. Marino Stram & Associates LLC’s holdings in PepsiCo were worth $3,162,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently made changes to their positions in the stock. DHJJ Financial Advisors Ltd. acquired a new position in PepsiCo during the third quarter worth $25,000. LFA Lugano Financial Advisors SA raised its position in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after purchasing an additional 70 shares during the period. Life Planning Partners Inc bought a new position in shares of PepsiCo in the fourth quarter valued at about $34,000. Avion Wealth raised its position in shares of PepsiCo by 61.7% in the fourth quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares during the period. Finally, Pacific Center for Financial Services bought a new position in shares of PepsiCo in the first quarter valued at about $47,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on PEP shares. StockNews.com lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Argus lowered shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Deutsche Bank Aktiengesellschaft raised their target price on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Jefferies Financial Group raised their target price on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a report on Friday, April 5th. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a report on Monday, February 12th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $186.92.

PepsiCo Stock Up 0.6 %

Shares of PEP stock traded up $0.96 during mid-day trading on Tuesday, reaching $167.91. 1,814,243 shares of the company’s stock traded hands, compared to its average volume of 5,709,770. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The company has a market cap of $230.79 billion, a P/E ratio of 25.61, a P/E/G ratio of 2.64 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. The company’s 50-day moving average price is $168.70 and its 200-day moving average price is $167.38.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share for the quarter, topping analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a return on equity of 58.03% and a net margin of 9.92%. The business had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same quarter in the previous year, the firm earned $1.67 EPS. PepsiCo’s revenue was down .6% on a year-over-year basis. On average, equities analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a yield of 3.01%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) 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.