Dechtman Wealth Management LLC Has $730,000 Stake in PepsiCo, Inc. (NASDAQ:PEP)

Dechtman Wealth Management LLC reduced its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 4,803 shares of the company’s stock after selling 145 shares during the period. PepsiCo accounts for approximately 0.1% of Dechtman Wealth Management LLC’s investment portfolio, making the stock its 26th biggest holding. Dechtman Wealth Management LLC’s holdings in PepsiCo were worth $730,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Vanguard Group Inc. lifted its position in shares of PepsiCo by 1.0% during the 4th quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company’s stock worth $20,280,471,000 after buying an additional 1,376,133 shares in the last quarter. State Street Corp boosted its position in PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock worth $9,738,429,000 after purchasing an additional 2,775,679 shares during the last quarter. Geode Capital Management LLC increased its position in shares of PepsiCo by 1.8% during the 3rd quarter. Geode Capital Management LLC now owns 30,497,268 shares of the company’s stock valued at $5,170,529,000 after purchasing an additional 543,558 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of PepsiCo by 18.1% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company’s stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the period. Finally, Bank of New York Mellon Corp boosted its holdings in shares of PepsiCo by 5.2% in the 4th quarter. Bank of New York Mellon Corp now owns 14,013,158 shares of the company’s stock worth $2,130,841,000 after buying an additional 689,383 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

Several brokerages have commented on PEP. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating on the stock in a research report on Wednesday, February 5th. TD Cowen dropped their price objective on PepsiCo from $183.00 to $160.00 and set a “hold” rating on the stock in a research note on Wednesday, January 8th. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a “buy” rating for the company in a research report on Wednesday, February 5th. Barclays cut PepsiCo from an “overweight” rating to an “equal weight” rating and dropped their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Finally, Royal Bank of Canada started coverage on PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo has an average rating of “Hold” and a consensus target price of $169.88.

PepsiCo Stock Down 0.6 %

PEP stock opened at $145.54 on Wednesday. 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 $199.61 billion, a price-to-earnings ratio of 20.94, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company’s 50 day moving average is $149.09 and its 200 day moving average is $158.50.

PepsiCo (NASDAQ:PEP) last announced its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. During the same period in the previous year, the business earned $1.78 earnings per share. The firm’s quarterly revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is currently 77.99%.

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.