FSB Premier Wealth Management Inc. Acquires 710 Shares of PepsiCo, Inc. (NASDAQ:PEP)

FSB Premier Wealth Management Inc. increased its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 14.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 5,534 shares of the company’s stock after buying an additional 710 shares during the quarter. FSB Premier Wealth Management Inc.’s holdings in PepsiCo were worth $842,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Collier Financial bought a new position in PepsiCo during the 4th quarter valued at about $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo in the fourth quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new stake in PepsiCo during the 4th quarter worth approximately $30,000. Legacy Investment Solutions LLC bought a new position in PepsiCo in the 3rd quarter valued at $31,000. Finally, Summit Securities Group LLC acquired a new position in PepsiCo in the fourth quarter worth $33,000. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the stock. Citigroup reduced their price target on shares of PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a research note on Friday, January 24th. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group lowered PepsiCo from a “buy” rating to a “hold” rating and decreased their price objective for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a research report on Friday, February 7th. One equities research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and six have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average price target of $169.88.

PepsiCo Stock Down 0.3 %

Shares of NASDAQ:PEP opened at $149.27 on Monday. The company has a 50 day moving average price of $149.25 and a two-hundred day moving average price of $157.91. The company has a market capitalization of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, topping the consensus estimate 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 for the quarter, compared to the consensus estimate of $27.89 billion. During the same quarter last year, the business posted $1.78 EPS. The firm’s revenue was down .2% compared to the same quarter last year. Analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.63%. PepsiCo’s payout ratio is 77.99%.

PepsiCo 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.