WealthPLAN Partners LLC Boosts Position in PepsiCo, Inc. (NASDAQ:PEP)


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WealthPLAN Partners LLC grew its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.2% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 60,679 shares of the company’s stock after acquiring an additional 8,010 shares during the quarter. WealthPLAN Partners LLC’s holdings in PepsiCo were worth $8,476,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also bought and sold shares of the company. Great West Life Assurance Co. Can grew its stake in PepsiCo by 50.1% in the third quarter. Great West Life Assurance Co. Can now owns 2,937,391 shares of the company’s stock worth $257,555,000 after purchasing an additional 980,642 shares during the period. Assenagon Asset Management S.A. grew its stake in PepsiCo by 3,141.9% in the fourth quarter. Assenagon Asset Management S.A. now owns 913,179 shares of the company’s stock worth $135,424,000 after purchasing an additional 885,011 shares during the period. Morgan Stanley grew its stake in PepsiCo by 6.5% in the third quarter. Morgan Stanley now owns 11,805,248 shares of the company’s stock worth $1,636,208,000 after purchasing an additional 720,076 shares during the period. Massachusetts Financial Services Co. MA grew its stake in PepsiCo by 7.5% in the third quarter. Massachusetts Financial Services Co. MA now owns 8,277,512 shares of the company’s stock worth $1,147,262,000 after purchasing an additional 575,742 shares during the period. Finally, CIBC World Markets Inc. grew its stake in PepsiCo by 177.7% in the fourth quarter. CIBC World Markets Inc. now owns 866,282 shares of the company’s stock worth $128,470,000 after purchasing an additional 554,330 shares during the period. 69.94% of the stock is currently owned by hedge funds and other institutional investors.

PEP stock traded up $0.03 during trading on Tuesday, reaching $132.02. The stock had a trading volume of 236,242 shares, compared to its average volume of 4,864,003. PepsiCo, Inc. has a 52 week low of $101.42 and a 52 week high of $148.77. The stock’s 50 day moving average is $139.12 and its two-hundred day moving average is $139.92. The company has a current ratio of 0.93, a quick ratio of 0.77 and a debt-to-equity ratio of 2.79. The firm has a market cap of $182.14 billion, a PE ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Thursday, February 11th. The company reported $1.47 earnings per share for the quarter, beating analysts’ consensus estimates of $1.45 by $0.02. PepsiCo had a return on equity of 56.28% and a net margin of 10.27%. On average, research analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th will be given a $1.0225 dividend. This represents a $4.09 dividend on an annualized basis and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, March 4th. PepsiCo’s payout ratio is 73.96%.

Several brokerages recently weighed in on PEP. Deutsche Bank Aktiengesellschaft upped their price target on PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, February 3rd. Zacks Investment Research raised PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price on the stock in a report on Friday, February 12th. Wells Fargo & Company began coverage on PepsiCo in a report on Monday, December 7th. They issued an “equal weight” rating and a $157.00 target price on the stock. Barclays reissued a “neutral” rating on shares of PepsiCo in a report on Sunday, February 14th. Finally, Sanford C. Bernstein began coverage on PepsiCo in a report on Tuesday, January 19th. They issued an “underperform” rating and a $136.00 target price on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. PepsiCo presently has a consensus rating of “Buy” and an average price target of $144.78.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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