Brown Miller Wealth Management LLC Decreases Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Brown Miller Wealth Management LLC lowered its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 12.8% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 5,461 shares of the company’s stock after selling 802 shares during the period. Brown Miller Wealth Management LLC’s holdings in PepsiCo were worth $927,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the business. Mirae Asset Global Investments Co. Ltd. raised its position in PepsiCo by 34.0% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 1,128,044 shares of the company’s stock valued at $188,812,000 after purchasing an additional 286,169 shares in the last quarter. AMI Investment Management Inc. lifted its position in PepsiCo by 0.7% in the 1st quarter. AMI Investment Management Inc. now owns 16,627 shares of the company’s stock worth $2,783,000 after buying an additional 113 shares during the last quarter. Mather Group LLC. grew its position in PepsiCo by 29.3% during the first quarter. Mather Group LLC. now owns 5,562 shares of the company’s stock valued at $931,000 after acquiring an additional 1,262 shares during the last quarter. Wsfs Capital Management LLC raised its stake in shares of PepsiCo by 117.2% during the first quarter. Wsfs Capital Management LLC now owns 2,995 shares of the company’s stock worth $501,000 after acquiring an additional 1,616 shares in the last quarter. Finally, Equitable Holdings Inc. lifted its holdings in shares of PepsiCo by 8.5% in the 1st quarter. Equitable Holdings Inc. now owns 26,909 shares of the company’s stock worth $4,504,000 after acquiring an additional 2,116 shares during the last quarter. 73.07% of the stock is currently owned by hedge funds and other institutional investors.

PepsiCo Stock Up 0.8 %

NASDAQ PEP traded up $1.44 during mid-day trading on Thursday, reaching $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 fifty day moving average price of $168.10 and a 200 day moving average price of $167.99. 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. The stock has a market cap of $240.55 billion, a PE ratio of 26.64, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last posted its 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. 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 analysts’ expectations of $28.40 billion. During the same quarter in the prior year, the business earned $1.67 EPS. The business’s revenue for the quarter was down .6% compared to the same quarter last year. On average, research analysts expect that PepsiCo, Inc. will post 8.15 earnings per share for the current year.

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be paid a $1.265 dividend. 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 currently 77.02%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on PEP shares. JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $185.00 to $176.00 in a report on Tuesday, December 19th. Citigroup upgraded PepsiCo from a “neutral” rating to a “buy” rating and boosted their price target for the company from $180.00 to $195.00 in a report on Monday, February 12th. 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 report on Monday, March 18th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

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.