2,785 Shares in PepsiCo, Inc. (NASDAQ:PEP) Bought by Rialto Wealth Management LLC

Rialto Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm purchased 2,785 shares of the company’s stock, valued at approximately $423,000.

A number of other institutional investors have also made changes to their positions in PEP. Intellectus Partners LLC boosted its position in shares of PepsiCo by 2.6% in the fourth quarter. Intellectus Partners LLC now owns 9,970 shares of the company’s stock valued at $1,529,000 after acquiring an additional 248 shares during the period. Larson Financial Group LLC boosted its holdings in PepsiCo by 1.9% in the 4th quarter. Larson Financial Group LLC now owns 14,732 shares of the company’s stock valued at $2,240,000 after purchasing an additional 269 shares during the period. HM Payson & Co. grew its position in PepsiCo by 0.5% in the 4th quarter. HM Payson & Co. now owns 119,011 shares of the company’s stock worth $18,097,000 after purchasing an additional 599 shares during the last quarter. Generali Investments CEE investicni spolecnost a.s. bought a new position in shares of PepsiCo during the 4th quarter worth about $7,048,000. Finally, Bank Julius Baer & Co. Ltd Zurich raised its position in shares of PepsiCo by 7.4% during the fourth quarter. Bank Julius Baer & Co. Ltd Zurich now owns 621,385 shares of the company’s stock valued at $100,455,000 after buying an additional 42,865 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $154.44 on Friday. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65. The business has a 50-day moving average of $148.80 and a 200-day moving average of $160.96. The stock has a market capitalization of $211.81 billion, a price-to-earnings ratio of 22.22, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a fifty-two week low of $141.51 and a fifty-two week high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share 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 firm had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period last year, the company earned $1.78 earnings per share. The business’s revenue was down .2% compared to the same quarter last year. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be issued a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

Analysts Set New Price Targets

A number of equities research analysts recently weighed in on the company. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating on the stock in a research report on Wednesday, February 5th. BNP Paribas lowered their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating on the stock in a research report on Tuesday, February 4th. Wells Fargo & Company reduced their target price on PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. Deutsche Bank Aktiengesellschaft lowered their price target on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating on the stock in a report on Wednesday, January 22nd. Finally, CICC Research restated a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. One research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $172.35.

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.