Werba Rubin Papier Wealth Management Has $288,000 Position in PepsiCo, Inc. (NASDAQ:PEP)

Werba Rubin Papier Wealth Management raised its position in PepsiCo, Inc. (NASDAQ:PEP) by 13.7% during the 4th quarter, HoldingsChannel reports. The fund owned 1,895 shares of the company’s stock after buying an additional 228 shares during the quarter. Werba Rubin Papier Wealth Management’s holdings in PepsiCo were worth $288,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC boosted its holdings in PepsiCo by 17,113.0% during the third quarter. International Assets Investment Management LLC now owns 3,220,385 shares of the company’s stock worth $547,626,000 after purchasing an additional 3,201,676 shares during the last quarter. State Street Corp increased its position in shares of PepsiCo by 5.1% in the third quarter. State Street Corp now owns 57,268,030 shares of the company’s stock valued at $9,738,429,000 after acquiring an additional 2,775,679 shares during the last quarter. Franklin Resources Inc. boosted its position in PepsiCo by 21.1% during the third quarter. Franklin Resources Inc. now owns 13,021,316 shares of the company’s stock valued at $2,293,049,000 after purchasing an additional 2,264,445 shares during the last quarter. Swedbank AB increased its position in shares of PepsiCo by 211.4% during the 3rd quarter. Swedbank AB now owns 2,345,467 shares of the company’s stock worth $398,847,000 after purchasing an additional 1,592,343 shares during the last quarter. Finally, Van ECK Associates Corp raised its stake in shares of PepsiCo by 360.0% during the 4th quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company’s stock worth $258,158,000 after purchasing an additional 1,328,672 shares in the last quarter. 73.07% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on PEP. CICC Research reissued a “market perform” rating on shares of PepsiCo in a research note on Friday, February 7th. Royal Bank of Canada assumed coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They set a $172.00 price objective on the stock. TD Cowen reduced their price target on PepsiCo from $183.00 to $160.00 and set a “hold” rating for the company in a report on Wednesday, January 8th. UBS Group dropped their price objective on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating on the stock in a research report on Thursday, January 16th. Finally, JPMorgan Chase & Co. decreased their price objective on PepsiCo from $183.00 to $165.00 and set a “neutral” rating on the stock in a report on Friday, January 24th. One analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo presently has an average rating of “Hold” and an average price target of $171.47.

PepsiCo Price Performance

PepsiCo stock opened at $144.10 on Wednesday. The company has a market capitalization of $197.63 billion, a PE ratio of 20.73, a P/E/G ratio of 2.95 and a beta of 0.54. 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 stock has a 50-day moving average price of $149.48 and a two-hundred day moving average price of $162.84. PepsiCo, Inc. has a 12 month low of $141.51 and a 12 month high of $183.41.

PepsiCo (NASDAQ:PEP) last posted its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, topping analysts’ consensus estimates of $1.94 by $0.02. The firm had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The company’s revenue for the quarter was down .2% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.78 EPS. Analysts expect that PepsiCo, Inc. will post 8.34 EPS for the current year.

PepsiCo Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be given a dividend of $1.355 per share. This represents a $5.42 annualized dividend and a yield of 3.76%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend 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.