Murphy & Mullick Capital Management Corp Makes New $59,000 Investment in PepsiCo, Inc. (NASDAQ:PEP)

Murphy & Mullick Capital Management Corp bought a new stake in PepsiCo, Inc. (NASDAQ:PEP) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 390 shares of the company’s stock, valued at approximately $59,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the stock. Howard Capital Management Group LLC lifted its stake in shares of PepsiCo by 2.0% in the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company’s stock valued at $777,000 after purchasing an additional 90 shares during the period. Loomis Sayles & Co. L P lifted its stake in PepsiCo by 7.1% in the third quarter. Loomis Sayles & Co. L P now owns 1,965 shares of the company’s stock valued at $334,000 after buying an additional 130 shares during the period. FMR LLC grew its position in shares of PepsiCo by 4.4% during the 3rd quarter. FMR LLC now owns 6,724,464 shares of the company’s stock worth $1,143,495,000 after buying an additional 281,318 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank increased its stake in shares of PepsiCo by 2.0% in the 3rd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 570,680 shares of the company’s stock valued at $97,044,000 after acquiring an additional 11,226 shares during the last quarter. Finally, Public Sector Pension Investment Board raised its position in shares of PepsiCo by 30.7% in the 3rd quarter. Public Sector Pension Investment Board now owns 69,036 shares of the company’s stock valued at $11,740,000 after acquiring an additional 16,200 shares during the period. Institutional investors and hedge funds own 73.07% of the company’s stock.

PepsiCo Stock Performance

PEP opened at $149.67 on Friday. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business’s 50-day simple moving average is $149.23 and its 200 day simple moving average is $158.37. The firm has a market capitalization of $205.27 billion, a PE ratio of 21.54, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.

PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 EPS for the quarter, beating the consensus estimate of $1.94 by $0.02. The company had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm’s revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.78 EPS. As a group, sell-side analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.62%. PepsiCo’s payout ratio is 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on PEP shares. Royal Bank of Canada started coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 target price for the company. JPMorgan Chase & Co. lowered their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. Piper Sandler began coverage on PepsiCo in a report on Tuesday, January 7th. They set an “overweight” rating and a $171.00 target price on the stock. HSBC dropped their price target on PepsiCo from $186.00 to $170.00 and set a “hold” rating on the stock in a research report on Tuesday, February 4th. Finally, BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. One 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. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $169.88.

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.