Mascagni Wealth Management Inc. Acquires Shares of 2,192 PepsiCo, Inc. (NASDAQ:PEP)

Mascagni Wealth Management Inc. bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 2,192 shares of the company's stock, valued at approximately $333,000.

Several other large investors also recently added to or reduced their stakes in PEP. Ossiam boosted its holdings in shares of PepsiCo by 138.9% during the 4th quarter. Ossiam now owns 73,604 shares of the company's stock worth $11,192,000 after buying an additional 42,793 shares during the period. OMERS ADMINISTRATION Corp boosted its holdings in shares of PepsiCo by 12.1% during the 4th quarter. OMERS ADMINISTRATION Corp now owns 124,797 shares of the company's stock worth $18,977,000 after buying an additional 13,461 shares during the period. Hutner Capital Management Inc. boosted its holdings in shares of PepsiCo by 14.6% during the 4th quarter. Hutner Capital Management Inc. now owns 53,783 shares of the company's stock worth $8,178,000 after buying an additional 6,865 shares during the period. Polar Asset Management Partners Inc. bought a new stake in shares of PepsiCo during the 4th quarter worth $47,899,000. Finally, WCM Investment Management LLC boosted its holdings in shares of PepsiCo by 147.6% during the 4th quarter. WCM Investment Management LLC now owns 14,692 shares of the company's stock worth $2,229,000 after buying an additional 8,759 shares during the period. 73.07% of the stock is owned by institutional investors.

PepsiCo Price Performance

PEP traded down $0.30 during midday trading on Friday, hitting $131.62. The company had a trading volume of 12,988,871 shares, compared to its average volume of 6,558,307. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The company has a market capitalization of $180.46 billion, a PE ratio of 18.94, a P/E/G ratio of 3.09 and a beta of 0.47. PepsiCo, Inc. has a twelve month low of $127.75 and a twelve month high of $180.91. The firm's 50-day simple moving average is $138.26 and its 200-day simple moving average is $147.49.

PepsiCo (NASDAQ:PEP - Get Free Report) last posted its quarterly earnings data on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). The company had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company's revenue was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.61 EPS. Equities research analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 annualized dividend and a yield of 4.32%. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

Analyst Upgrades and Downgrades

A number of analysts have weighed in on the stock. Barclays reduced their price target on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Royal Bank of Canada reissued a "sector perform" rating and issued a $163.00 price target on shares of PepsiCo in a report on Tuesday, April 22nd. Wall Street Zen downgraded shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. JPMorgan Chase & Co. increased their price target on shares of PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Finally, BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. One investment analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have given a buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Hold" and a consensus target price of $160.69.

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.