S.A. Mason LLC Has $1.63 Million Holdings in PepsiCo, Inc. (NASDAQ:PEP)

S.A. Mason LLC boosted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 7.6% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,583 shares of the company’s stock after buying an additional 680 shares during the quarter. PepsiCo makes up approximately 1.1% of S.A. Mason LLC’s investment portfolio, making the stock its 18th largest position. S.A. Mason LLC’s holdings in PepsiCo were worth $1,627,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its holdings in shares of PepsiCo by 0.9% during the second quarter. BlackRock Inc. now owns 110,578,365 shares of the company’s stock worth $20,481,325,000 after acquiring an additional 987,829 shares during the period. State Street Corp boosted its stake in shares of PepsiCo by 0.8% in the second quarter. State Street Corp now owns 59,055,838 shares of the company’s stock valued at $10,938,322,000 after buying an additional 489,175 shares during the period. Moneta Group Investment Advisors LLC boosted its stake in shares of PepsiCo by 95,514.1% in the fourth quarter. Moneta Group Investment Advisors LLC now owns 42,876,248 shares of the company’s stock valued at $7,746,023,000 after buying an additional 42,831,405 shares during the period. Morgan Stanley boosted its stake in shares of PepsiCo by 21.0% in the fourth quarter. Morgan Stanley now owns 26,720,027 shares of the company’s stock valued at $4,827,240,000 after buying an additional 4,629,947 shares during the period. Finally, Charles Schwab Investment Management Inc. boosted its stake in shares of PepsiCo by 5.3% in the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock valued at $3,121,736,000 after buying an additional 920,032 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

Wall Street Analysts Forecast Growth

PEP has been the subject of several recent research reports. Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Wedbush reiterated an “outperform” rating and issued a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. 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 research note on Monday, February 12th. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research note on Monday, February 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a research note on Friday, February 9th. Five research analysts have rated the stock with a hold rating and seven have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Price Performance

Shares of NASDAQ:PEP traded up $0.89 during trading on Wednesday, hitting $173.62. 1,252,474 shares of the company were exchanged, compared to its average volume of 5,881,378. The business’s 50 day moving average is $167.83 and its 200-day moving average is $167.98. The company has a market capitalization of $238.64 billion, a P/E ratio of 26.29, a price-to-earnings-growth ratio of 2.70 and a beta of 0.53. The company has a quick ratio of 0.68, a current ratio of 0.85 and a debt-to-equity ratio of 2.02. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88.

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

PepsiCo Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be issued a $1.265 dividend. The ex-dividend date is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.91%. PepsiCo’s payout ratio is 77.02%.

PepsiCo 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.