Marshall & Sullivan Inc. WA Acquires 530 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Marshall & Sullivan Inc. WA increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEPFree Report) by 1.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 30,888 shares of the company’s stock after buying an additional 530 shares during the period. PepsiCo accounts for about 2.3% of Marshall & Sullivan Inc. WA’s investment portfolio, making the stock its 21st biggest holding. Marshall & Sullivan Inc. WA’s holdings in PepsiCo were worth $4,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of PEP. Fulcrum Capital LLC increased its stake in PepsiCo by 2.0% in the fourth quarter. Fulcrum Capital LLC now owns 50,440 shares of the company’s stock valued at $7,670,000 after purchasing an additional 975 shares in the last quarter. Forza Wealth Management LLC increased its stake in PepsiCo by 2.2% in the fourth quarter. Forza Wealth Management LLC now owns 5,954 shares of the company’s stock valued at $905,000 after purchasing an additional 128 shares in the last quarter. Accelerate Investment Advisors LLC bought a new stake in PepsiCo in the fourth quarter valued at approximately $207,000. Cooper Financial Group increased its stake in PepsiCo by 10.5% in the fourth quarter. Cooper Financial Group now owns 4,078 shares of the company’s stock valued at $620,000 after purchasing an additional 389 shares in the last quarter. Finally, Talbot Financial LLC increased its stake in PepsiCo by 1.5% in the fourth quarter. Talbot Financial LLC now owns 55,083 shares of the company’s stock valued at $8,376,000 after purchasing an additional 821 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

PepsiCo Stock Performance

NASDAQ PEP opened at $144.50 on Tuesday. The company has a current ratio of 0.89, a quick ratio of 0.70 and a debt-to-equity ratio of 1.96. The firm’s fifty day moving average price is $156.92 and its two-hundred day moving average price is $166.35. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a market capitalization of $198.25 billion, a P/E ratio of 21.31, a price-to-earnings-growth ratio of 2.94 and a beta of 0.54.

PepsiCo Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, January 6th. Shareholders of record on Friday, December 6th were given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.75%. The ex-dividend date was Friday, December 6th. PepsiCo’s dividend payout ratio (DPR) is currently 79.94%.

Wall Street Analysts Forecast Growth

PEP has been the subject of several research analyst reports. Bank of America reduced their price target on shares of PepsiCo from $190.00 to $185.00 and set a “buy” rating for the company in a report on Monday, September 30th. Piper Sandler initiated coverage on shares of PepsiCo in a report on Tuesday, January 7th. They issued an “overweight” rating and a $171.00 price target for the company. Wells Fargo & Company reduced their price target on shares of PepsiCo from $170.00 to $155.00 and set an “equal weight” rating for the company in a report on Tuesday, January 7th. StockNews.com upgraded shares of PepsiCo from a “hold” rating to a “buy” rating in a report on Tuesday, November 5th. Finally, TD Cowen reduced their price target on shares of PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eight have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Hold” and a consensus price target of $180.64.

Read Our Latest Report on PepsiCo

About PepsiCo

(Free Report)

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.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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