McGlone Suttner Wealth Management Inc. Has $911,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

McGlone Suttner Wealth Management Inc. lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 8.2% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,363 shares of the company’s stock after purchasing an additional 405 shares during the quarter. McGlone Suttner Wealth Management Inc.’s holdings in PepsiCo were worth $911,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. State Street Corp grew its position in PepsiCo by 0.8% in the second quarter. State Street Corp now owns 59,055,838 shares of the company’s stock valued at $10,938,322,000 after purchasing an additional 489,175 shares in the last quarter. Moneta Group Investment Advisors LLC grew its position in PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after purchasing an additional 42,831,405 shares in the last quarter. Morgan Stanley grew its position in PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after purchasing an additional 4,629,947 shares in the last quarter. Charles Schwab Investment Management Inc. grew its position in PepsiCo by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after purchasing an additional 920,032 shares in the last quarter. Finally, Northern Trust Corp grew its position in PepsiCo by 3.7% in the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock valued at $2,859,812,000 after purchasing an additional 595,357 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on PEP. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Barclays increased their price target on shares of PepsiCo from $179.00 to $183.00 and gave the company an “overweight” rating in a research note on Tuesday, February 13th. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research note on Monday, February 12th. Finally, JPMorgan Chase & Co. cut shares of PepsiCo from an “overweight” rating to a “neutral” rating and cut their target price for the stock from $185.00 to $176.00 in a research note on Tuesday, December 19th. Five equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Price Performance

PEP stock traded up $1.44 during mid-day trading on Thursday, hitting $175.01. The stock had a trading volume of 5,710,410 shares, compared to its average volume of 5,942,093. The company has a current ratio of 0.85, a quick ratio of 0.68 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 52 week low of $155.83 and a 52 week high of $196.88. The firm has a market capitalization of $240.55 billion, a P/E ratio of 26.64, a P/E/G ratio of 2.70 and a beta of 0.53. The firm has a fifty day simple moving average of $168.10 and a 200 day simple moving average of $167.99.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.72 by $0.06. The company had revenue of $27.84 billion for the quarter, compared to analyst estimates of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue was down .6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.67 EPS. As a group, research analysts forecast that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a dividend of $1.265 per share. This represents a $5.06 annualized dividend and a dividend yield of 2.89%. The ex-dividend date is Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is presently 77.02%.

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.