McGlone Suttner Wealth Management Inc. Has $1.08 Million Position in PepsiCo, Inc. (NASDAQ:PEP)

McGlone Suttner Wealth Management Inc. raised its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 68.9% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 7,195 shares of the company's stock after acquiring an additional 2,936 shares during the quarter. McGlone Suttner Wealth Management Inc.'s holdings in PepsiCo were worth $1,079,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new stake in PepsiCo during the 4th quarter valued at approximately $2,729,565,000. GAMMA Investing LLC grew its holdings in shares of PepsiCo by 19,106.5% in the 1st quarter. GAMMA Investing LLC now owns 4,588,614 shares of the company's stock worth $688,017,000 after acquiring an additional 4,564,723 shares during the period. Assenagon Asset Management S.A. grew its holdings in shares of PepsiCo by 106.1% in the 1st quarter. Assenagon Asset Management S.A. now owns 3,514,965 shares of the company's stock worth $527,034,000 after acquiring an additional 1,809,391 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of PepsiCo in the 4th quarter worth approximately $221,297,000. Finally, Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% in the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after acquiring an additional 1,376,133 shares during the period. 73.07% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

PEP has been the topic of a number of analyst reports. JPMorgan Chase & Co. increased their target price on PepsiCo from $158.00 to $159.00 and gave the company a "neutral" rating in a report on Monday, April 21st. Evercore ISI set a $140.00 price objective on PepsiCo in a research note on Thursday, April 24th. Royal Bank Of Canada restated a "sector perform" rating and set a $148.00 price objective on shares of PepsiCo in a research note on Tuesday, June 24th. Bank of America reduced their price objective on PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a research note on Friday, April 25th. Finally, Dbs Bank lowered PepsiCo from a "strong-buy" rating to a "hold" rating in a research report on Friday, May 9th. One equities research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company. According to MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $159.75.

PepsiCo Stock Performance

Shares of NASDAQ PEP traded down $0.93 during midday trading on Monday, hitting $134.45. 7,771,754 shares of the company's stock were exchanged, compared to its average volume of 7,062,791. The company has a debt-to-equity ratio of 2.13, a current ratio of 0.83 and a quick ratio of 0.65. The stock's 50 day moving average price is $131.40 and its 200-day moving average price is $142.11. The firm has a market cap of $184.34 billion, a P/E ratio of 19.77, a PEG ratio of 4.23 and a beta of 0.45. PepsiCo, Inc. has a twelve month low of $127.60 and a twelve month high of $180.91.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The firm had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.28% and a net margin of 10.24%. The business's revenue for the quarter was down 1.8% on a year-over-year basis. During the same quarter last year, the company earned $1.61 earnings per share. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, June 30th. Shareholders of record on Friday, June 6th were issued a $1.4225 dividend. The ex-dividend date of this dividend was Friday, June 6th. This represents a $5.69 annualized dividend and a dividend yield of 4.23%. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio is currently 83.68%.

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.