Mach 1 Financial Group LLC Has $1.91 Million Stock Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Mach 1 Financial Group LLC lessened its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 2.1% in the fourth quarter, Holdings Channel.com reports. The fund owned 11,257 shares of the company’s stock after selling 245 shares during the quarter. Mach 1 Financial Group LLC’s holdings in PepsiCo were worth $1,912,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the business. Charles Schwab Investment Management Inc. boosted its position in shares of PepsiCo by 5.3% during the third quarter. Charles Schwab Investment Management Inc. now owns 18,423,845 shares of the company’s stock worth $3,121,736,000 after purchasing an additional 920,032 shares in the last quarter. Northern Trust Corp boosted its position in shares of PepsiCo by 3.7% during the third quarter. Northern Trust Corp now owns 16,878,022 shares of the company’s stock worth $2,859,812,000 after purchasing an additional 595,357 shares in the last quarter. California Public Employees Retirement System boosted its position in shares of PepsiCo by 17.9% during the fourth quarter. California Public Employees Retirement System now owns 9,664,323 shares of the company’s stock worth $1,641,389,000 after purchasing an additional 1,470,064 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its position in shares of PepsiCo by 9.1% during the third quarter. Massachusetts Financial Services Co. MA now owns 7,316,036 shares of the company’s stock worth $1,239,629,000 after purchasing an additional 608,321 shares in the last quarter. Finally, Deutsche Bank AG boosted its position in shares of PepsiCo by 2.1% during the third quarter. Deutsche Bank AG now owns 6,774,800 shares of the company’s stock worth $1,147,922,000 after purchasing an additional 142,243 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

Shares of PepsiCo stock traded down $0.23 during trading on Tuesday, hitting $175.91. 4,465,101 shares of the stock were exchanged, compared to its average volume of 5,806,826. The stock has a market capitalization of $241.84 billion, a price-to-earnings ratio of 26.45, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The company has a fifty day moving average price of $169.74 and a 200-day moving average price of $168.16. PepsiCo, Inc. has a 1-year low of $155.83 and a 1-year high of $196.88. The company has a current ratio of 0.86, a quick ratio of 0.68 and a debt-to-equity ratio of 1.96.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, topping the consensus estimate of $1.52 by $0.09. The company had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. PepsiCo’s revenue for the quarter was up 2.3% compared to the same quarter last year. During the same period in the previous year, the business earned $1.50 EPS. As a group, equities analysts predict that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Friday, June 28th. Investors of record on Friday, June 7th will be paid a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.08%. This is a positive change from PepsiCo’s previous quarterly dividend of $1.27. PepsiCo’s dividend payout ratio is 76.09%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on the stock. StockNews.com cut shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Monday, February 12th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a research report on Monday, February 12th. Wedbush reaffirmed an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a research report on Tuesday, April 23rd. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a research report on Friday, February 9th. Finally, Morgan Stanley raised shares of 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. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $187.42.

About PepsiCo

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.