1,619 Shares in PepsiCo, Inc. (NASDAQ:PEP) Acquired by Crowley Wealth Management Inc.

Crowley Wealth Management Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent filing with the SEC. The firm purchased 1,619 shares of the company’s stock, valued at approximately $246,000.

Other large investors have also recently made changes to their positions in the company. Raymond James Financial Inc. acquired a new stake in PepsiCo in the fourth quarter valued at approximately $589,307,000. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 18.1% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares in the last quarter. State Street Corp grew its stake in PepsiCo by 5.1% during the 3rd quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after buying an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. raised its stake in PepsiCo by 21.1% in the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after buying an additional 2,264,445 shares during the last quarter. Finally, Swedbank AB boosted its holdings in PepsiCo by 211.4% in the third quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after acquiring an additional 1,592,343 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $145.45 on Friday. The firm has a market cap of $199.48 billion, a PE ratio of 20.93, a P/E/G ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business has a 50-day moving average price of $149.04 and a 200 day moving average price of $159.09.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates 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 business’s revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors 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 dividend yield of 3.73%. PepsiCo’s dividend payout ratio (DPR) is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on PEP shares. Evercore ISI decreased their price objective on shares of PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. CICC Research reiterated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Morgan Stanley cut their target price on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. Jefferies Financial Group downgraded PepsiCo from a “buy” rating to a “hold” rating and dropped their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Finally, TD Cowen reduced their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a research note on Wednesday, January 8th. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $169.88.

About PepsiCo

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.