Marcum Wealth LLC Has $1.52 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Marcum Wealth LLC reduced its position in PepsiCo, Inc. (NASDAQ:PEP) by 4.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 8,707 shares of the company’s stock after selling 416 shares during the quarter. Marcum Wealth LLC’s holdings in PepsiCo were worth $1,524,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the stock. LFA Lugano Financial Advisors SA grew its holdings in PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after acquiring an additional 70 shares during the last quarter. Fortis Group Advisors LLC increased its stake in PepsiCo by 100.0% during the 4th quarter. Fortis Group Advisors LLC now owns 194 shares of the company’s stock valued at $33,000 after purchasing an additional 97 shares in the last quarter. Life Planning Partners Inc bought a new stake in PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC bought a new stake in PepsiCo during the 4th quarter valued at $36,000. Finally, Criterion Capital Advisors LLC bought a new stake in shares of PepsiCo in the 4th quarter worth $39,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research firms recently weighed in on PEP. Barclays reduced their price target on shares of PepsiCo from $185.00 to $180.00 and set an “overweight” rating for the company in a research report on Wednesday, June 12th. Jefferies Financial Group increased their price target on shares of PepsiCo from $209.00 to $211.00 and gave the stock a “buy” rating in a report on Thursday, May 16th. Wedbush reissued an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a report on Tuesday, April 23rd. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Six equities research analysts have rated the stock with a hold rating and six have assigned a buy rating to the company. According to data from MarketBeat, PepsiCo currently has an average rating of “Moderate Buy” and a consensus price target of $187.17.

Insider Buying and Selling

In related news, CEO Ramkumar Krishnan sold 5,620 shares of PepsiCo stock in a transaction dated Thursday, May 9th. The stock was sold at an average price of $178.00, for a total value of $1,000,360.00. Following the completion of the sale, the chief executive officer now directly owns 53,953 shares in the company, valued at approximately $9,603,634. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 0.15% of the stock is owned by corporate insiders.

PepsiCo Stock Performance

NASDAQ:PEP opened at $167.28 on Friday. The stock has a market cap of $229.97 billion, a P/E ratio of 25.15, a price-to-earnings-growth ratio of 2.72 and a beta of 0.52. The firm’s fifty day simple moving average is $173.71 and its 200 day simple moving average is $170.32. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $192.38. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion during the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The company’s revenue for the quarter was up 2.3% on a year-over-year basis. During the same quarter last year, the firm posted $1.50 earnings per share. As a group, research analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be given a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.24%. The ex-dividend date of this dividend is Friday, June 7th. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s payout ratio is currently 81.50%.

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.