Stockman Wealth Management Inc. Has $9.03 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stockman Wealth Management Inc. increased its position in shares of PepsiCo, Inc. (NASDAQ:PEP) by 503.9% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 53,148 shares of the company’s stock after buying an additional 44,347 shares during the quarter. PepsiCo comprises about 1.8% of Stockman Wealth Management Inc.’s portfolio, making the stock its 19th biggest position. Stockman Wealth Management Inc.’s holdings in PepsiCo were worth $9,027,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the company. LFA Lugano Financial Advisors SA raised its stake in shares of PepsiCo by 80.5% in the fourth quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock worth $27,000 after purchasing an additional 70 shares during the last quarter. Life Planning Partners Inc bought a new stake in shares of PepsiCo in the 4th quarter worth $34,000. Naples Money Management LLC purchased a new stake in shares of PepsiCo in the fourth quarter valued at about $36,000. Criterion Capital Advisors LLC purchased a new position in PepsiCo during the fourth quarter worth about $39,000. Finally, Avion Wealth grew its position in PepsiCo by 61.7% in the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock worth $41,000 after purchasing an additional 92 shares in the last quarter. Institutional investors own 73.07% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on PEP shares. Argus downgraded PepsiCo from a “buy” rating to a “hold” rating in a research note on Wednesday, April 3rd. Barclays lifted their price objective on shares of PepsiCo from $183.00 to $184.00 and gave the stock an “overweight” rating in a research report on Friday, April 12th. Jefferies Financial Group raised their price target on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a research note on Friday, April 5th. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective on the stock in a research note on Monday, March 18th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Six research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $186.92.

PepsiCo Price Performance

NASDAQ PEP traded up $2.33 during trading hours on Monday, reaching $176.46. 7,287,246 shares of the stock traded hands, compared to its average volume of 5,755,849. The stock has a 50 day simple moving average of $168.80 and a two-hundred day simple moving average of $167.55. The company has a market cap of $242.55 billion, a price-to-earnings ratio of 26.86, a price-to-earnings-growth ratio of 2.73 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a current ratio of 0.85 and a quick ratio of 0.68. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88.

PepsiCo (NASDAQ:PEP) last issued its quarterly earnings data on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The business had revenue of $27.84 billion for the quarter, compared to the consensus estimate of $28.40 billion. During the same period in the previous year, the firm earned $1.67 EPS. The company’s quarterly revenue was down .6% compared to the same quarter last year. On average, analysts predict that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, April 1st. Stockholders of record on Friday, March 1st were given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.87%. The ex-dividend date was Thursday, February 29th. PepsiCo’s dividend payout ratio is presently 77.02%.

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.