Barlow Wealth Partners Inc. Takes $504,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Barlow Wealth Partners Inc. purchased a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,966 shares of the company’s stock, valued at approximately $504,000.

Several other hedge funds have also added to or reduced their stakes in PEP. Jacobsen Capital Management raised its holdings in PepsiCo by 4.8% in the third quarter. Jacobsen Capital Management now owns 2,402 shares of the company’s stock worth $407,000 after purchasing an additional 111 shares during the period. Northstar Asset Management LLC raised its stake in PepsiCo by 11.7% during the 3rd quarter. Northstar Asset Management LLC now owns 18,288 shares of the company’s stock worth $3,099,000 after buying an additional 1,914 shares during the period. Folger Nolan Fleming Douglas Capital Management Inc. grew its stake in PepsiCo by 0.7% in the third quarter. Folger Nolan Fleming Douglas Capital Management Inc. now owns 94,956 shares of the company’s stock valued at $16,089,000 after acquiring an additional 631 shares during the period. Sage Mountain Advisors LLC increased its holdings in shares of PepsiCo by 21.4% in the third quarter. Sage Mountain Advisors LLC now owns 5,909 shares of the company’s stock worth $1,001,000 after acquiring an additional 1,041 shares in the last quarter. Finally, Mastrapasqua Asset Management Inc. lifted its holdings in shares of PepsiCo by 0.5% during the 3rd quarter. Mastrapasqua Asset Management Inc. now owns 57,239 shares of the company’s stock valued at $9,699,000 after purchasing an additional 308 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on PEP. Argus cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Wednesday, April 3rd. Wedbush restated an “outperform” rating and issued a $195.00 target price on shares of PepsiCo in a research note on Tuesday, April 23rd. JPMorgan Chase & Co. increased their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday, April 24th. Citigroup upgraded shares of PepsiCo from a “neutral” rating to a “buy” rating and increased their price objective for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. Finally, Jefferies Financial Group boosted their price target on PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research report on Friday, April 5th. Six analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $187.42.

PepsiCo Stock Performance

PEP stock traded down $0.61 during mid-day trading on Wednesday, hitting $177.41. The company had a trading volume of 3,266,694 shares, compared to its average volume of 5,666,490. The stock’s fifty day moving average price is $170.49 and its two-hundred day moving average price is $168.70. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. PepsiCo, Inc. has a 12 month low of $155.83 and a 12 month high of $196.88. The firm has a market cap of $243.90 billion, a PE ratio of 26.79, a price-to-earnings-growth ratio of 2.87 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating analysts’ consensus estimates of $1.52 by $0.09. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm had revenue of $18.25 billion for the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter in the prior year, the firm earned $1.50 EPS. The business’s revenue for the quarter was up 2.3% compared to the same quarter last year. On average, analysts forecast that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Shareholders of record on Friday, June 7th will be issued a $1.355 dividend. The ex-dividend date is Friday, June 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.06%. This is a boost from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.