Wolff Wiese Magana LLC Has $2.16 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

Wolff Wiese Magana LLC boosted its position in PepsiCo, Inc. (NASDAQ:PEP) by 2.6% during the third quarter, Holdings Channel reports. The institutional investor owned 12,712 shares of the company’s stock after purchasing an additional 328 shares during the quarter. PepsiCo comprises approximately 1.5% of Wolff Wiese Magana LLC’s portfolio, making the stock its 20th largest holding. Wolff Wiese Magana LLC’s holdings in PepsiCo were worth $2,162,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Capital Advisors Ltd. LLC lifted its position in PepsiCo by 3.6% during the 1st quarter. Capital Advisors Ltd. LLC now owns 3,961 shares of the company’s stock worth $693,000 after buying an additional 139 shares in the last quarter. Norden Group LLC increased its position in shares of PepsiCo by 3,345.6% in the first quarter. Norden Group LLC now owns 179,377 shares of the company’s stock valued at $31,391,000 after acquiring an additional 174,171 shares during the last quarter. Meyer Handelman Co. raised its holdings in PepsiCo by 3.9% during the first quarter. Meyer Handelman Co. now owns 253,769 shares of the company’s stock worth $44,412,000 after acquiring an additional 9,465 shares in the last quarter. Global Assets Advisory LLC acquired a new position in PepsiCo during the first quarter valued at approximately $28,366,000. Finally, M&G Plc grew its stake in PepsiCo by 3.6% in the second quarter. M&G Plc now owns 426,269 shares of the company’s stock valued at $70,334,000 after purchasing an additional 14,724 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $174.48 on Thursday. The firm has a market cap of $239.87 billion, a P/E ratio of 25.32, a price-to-earnings-growth ratio of 3.11 and a beta of 0.53. The business’s 50 day moving average is $173.68 and its 200-day moving average is $172.10. The company has a current ratio of 0.89, a quick ratio of 0.64 and a debt-to-equity ratio of 1.96. PepsiCo, Inc. has a 1-year low of $158.03 and a 1-year high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings data on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.30 by $0.01. PepsiCo had a net margin of 10.18% and a return on equity of 57.32%. The firm had revenue of $23.32 billion during the quarter, compared to the consensus estimate of $23.86 billion. During the same quarter in the previous year, the firm posted $2.25 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. Equities research analysts predict that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Stockholders of record on Friday, September 6th were given a dividend of $1.355 per share. The ex-dividend date was Friday, September 6th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.11%. PepsiCo’s payout ratio is 78.66%.

Wall Street Analyst Weigh In

PEP has been the subject of several recent analyst reports. DZ Bank downgraded PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 price objective for the company. in a report on Friday, July 19th. Wells Fargo & Company cut their price target on shares of PepsiCo from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Wednesday, July 10th. Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective on the stock. in a research note on Friday, September 20th. Hsbc Global Res upgraded shares of PepsiCo to a “hold” rating in a research note on Thursday, October 10th. Finally, TD Cowen downgraded PepsiCo from a “buy” rating to a “hold” rating and lowered their price target for the stock from $190.00 to $183.00 in a research report on Thursday, October 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average target price of $183.92.

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.