Daymark Wealth Partners LLC Acquires 1,480 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Daymark Wealth Partners LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 1.8% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 85,509 shares of the company’s stock after acquiring an additional 1,480 shares during the quarter. Daymark Wealth Partners LLC’s holdings in PepsiCo were worth $14,541,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of the business. MGO One Seven LLC raised its position in shares of PepsiCo by 46.7% in the fourth quarter. MGO One Seven LLC now owns 25,508 shares of the company’s stock valued at $4,332,000 after purchasing an additional 8,115 shares during the period. Northwest Wealth Management LLC increased its holdings in shares of PepsiCo by 3.9% in the 4th quarter. Northwest Wealth Management LLC now owns 2,980 shares of the company’s stock worth $506,000 after buying an additional 111 shares during the last quarter. Vista Investment Management raised its position in PepsiCo by 7.1% during the fourth quarter. Vista Investment Management now owns 11,186 shares of the company’s stock valued at $1,900,000 after purchasing an additional 741 shares in the last quarter. Jacobi Capital Management LLC lifted its position in PepsiCo by 210.7% in the 4th quarter. Jacobi Capital Management LLC now owns 53,349 shares of the company’s stock worth $9,061,000 after buying an additional 36,176 shares during the last quarter. Finally, First Financial Bankshares Inc purchased a new stake in shares of PepsiCo in the 4th quarter valued at $66,011,000. Hedge funds and other institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several analyst reports. DZ Bank cut PepsiCo from a “buy” rating to a “hold” rating and set a $183.00 target price for the company. in a report on Friday, July 19th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $182.00 to $185.00 and gave the stock a “neutral” rating in a research note on Tuesday, October 1st. Royal Bank of Canada lowered their price objective on PepsiCo from $177.00 to $176.00 and set a “sector perform” rating for the company in a research report on Friday, October 4th. Jefferies Financial Group reduced their price objective on PepsiCo from $210.00 to $200.00 and set a “buy” rating for the company in a research report on Tuesday, July 9th. Finally, Morgan Stanley lowered shares of PepsiCo from an “overweight” rating to an “equal weight” rating and set a $185.00 price objective for the company. in a research note on Friday, September 20th. Nine analysts have rated the stock with a hold rating and six have given a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $185.29.

PepsiCo Stock Performance

Shares of PepsiCo stock traded up $0.73 during trading hours on Wednesday, reaching $171.15. 1,558,869 shares of the stock traded hands, compared to its average volume of 5,486,833. PepsiCo, Inc. has a one year low of $157.43 and a one year high of $183.41. The firm has a market capitalization of $235.29 billion, a price-to-earnings ratio of 24.84, a P/E/G ratio of 3.07 and a beta of 0.53. The company has a quick ratio of 0.64, a current ratio of 0.83 and a debt-to-equity ratio of 1.87. The company has a 50 day moving average price of $173.63 and a 200 day moving average price of $172.06.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, October 8th. The company reported $2.31 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.30 by $0.01. PepsiCo had a net margin of 10.34% and a return on equity of 57.37%. The company had revenue of $23.32 billion during the quarter, compared to analyst estimates of $23.86 billion. During the same period in the previous year, the business posted $2.25 earnings per share. The firm’s quarterly revenue was down .6% compared to the same quarter last year. On average, equities research analysts expect that PepsiCo, Inc. will post 8.13 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, September 30th. Investors 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 annualized dividend and a yield of 3.17%. PepsiCo’s dividend payout ratio (DPR) is presently 78.66%.

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.