Maridea Wealth Management LLC Acquires Shares of 1,539 PepsiCo, Inc. (NASDAQ:PEP)

Maridea Wealth Management LLC purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 1,539 shares of the company’s stock, valued at approximately $234,000.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Collier Financial purchased a new position in PepsiCo during the 4th quarter valued at about $28,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo in the 4th quarter valued at $30,000. Legacy Investment Solutions LLC bought a new position in shares of PepsiCo in the 3rd quarter worth $31,000. Bay Harbor Wealth Management LLC purchased a new stake in shares of PepsiCo during the 4th quarter worth $34,000. Finally, Human Investing LLC bought a new stake in PepsiCo during the fourth quarter valued at about $39,000. Institutional investors own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $149.27 on Friday. The firm has a fifty day moving average price of $149.25 and a 200 day moving average price of $158.03. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The stock has a market cap of $204.72 billion, a P/E ratio of 21.48, a P/E/G ratio of 3.09 and a beta of 0.52. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company’s quarterly revenue was down .2% on a year-over-year basis. During the same period last year, the firm earned $1.78 EPS. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.63%. PepsiCo’s dividend payout ratio (DPR) is 77.99%.

Analysts Set New Price Targets

PEP has been the subject of several recent analyst reports. Royal Bank of Canada initiated coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective for the company. UBS Group lowered their price objective on PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research report on Thursday, January 16th. Jefferies Financial Group cut PepsiCo from a “buy” rating to a “hold” rating and decreased their price target for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Morgan Stanley dropped their price target on PepsiCo from $185.00 to $168.00 and set an “equal weight” rating on the stock in a research note on Wednesday, February 5th. Finally, JPMorgan Chase & Co. lowered their target price on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and an average price target of $169.88.

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.