Guardian Capital Advisors LP boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP) by 1.9% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 85,481 shares of the company’s stock after acquiring an additional 1,594 shares during the period. PepsiCo comprises about 1.3% of Guardian Capital Advisors LP’s investment portfolio, making the stock its 20th biggest holding. Guardian Capital Advisors LP’s holdings in PepsiCo were worth $10,272,000 as of its most recent filing with the Securities & Exchange Commission.
A number of other hedge funds and other institutional investors have also modified their holdings of the business. Pinnacle Wealth Planning Services Inc. acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $140,000. Rational Advisors LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at approximately $168,000. Almanack Investment Partners LLC. increased its stake in shares of PepsiCo by 48.5% in the fourth quarter. Almanack Investment Partners LLC. now owns 1,452 shares of the company’s stock valued at $175,000 after purchasing an additional 474 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in shares of PepsiCo by 233.3% in the fourth quarter. Harel Insurance Investments & Financial Services Ltd. now owns 1,500 shares of the company’s stock valued at $180,000 after purchasing an additional 1,050 shares during the period. Finally, Focused Wealth Management Inc increased its stake in shares of PepsiCo by 413.3% in the fourth quarter. Focused Wealth Management Inc now owns 1,617 shares of the company’s stock valued at $194,000 after purchasing an additional 1,302 shares during the period. 69.85% of the stock is currently owned by hedge funds and other institutional investors.
PEP has been the topic of a number of research analyst reports. SunTrust Banks lowered their price objective on shares of PepsiCo to $105.00 and set a “hold” rating on the stock in a research note on Friday, April 27th. Jefferies Group reiterated a “hold” rating and set a $113.00 price objective on shares of PepsiCo in a research note on Tuesday, February 13th. ValuEngine lowered shares of PepsiCo from a “hold” rating to a “sell” rating in a research note on Wednesday, May 2nd. Susquehanna Bancshares raised their price objective on shares of PepsiCo from $137.00 to $140.00 and gave the company a “positive” rating in a research note on Monday, February 12th. Finally, TheStreet lowered shares of PepsiCo from a “b-” rating to a “c+” rating in a research note on Thursday, March 1st. Four research analysts have rated the stock with a sell rating, eight have assigned a hold rating and five have issued a buy rating to the company’s stock. PepsiCo has an average rating of “Hold” and an average target price of $120.36.
Shares of NASDAQ:PEP opened at $99.93 on Wednesday. The company has a market cap of $138.25 billion, a P/E ratio of 19.11, a price-to-earnings-growth ratio of 2.25 and a beta of 0.67. PepsiCo, Inc. has a 1-year low of $95.94 and a 1-year high of $122.51. The company has a quick ratio of 1.15, a current ratio of 1.28 and a debt-to-equity ratio of 2.91.
PepsiCo (NASDAQ:PEP) last issued its earnings results on Thursday, April 26th. The company reported $0.96 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.93 by $0.03. The firm had revenue of $12.56 billion during the quarter, compared to analysts’ expectations of $12.37 billion. PepsiCo had a net margin of 7.62% and a return on equity of 62.43%. The firm’s revenue for the quarter was up 4.3% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. sell-side analysts anticipate that PepsiCo, Inc. will post 5.69 EPS for the current year.
The firm also recently announced a quarterly dividend, which will be paid on Friday, June 29th. Investors of record on Friday, June 1st will be issued a dividend of $0.9275 per share. This represents a $3.71 dividend on an annualized basis and a yield of 3.71%. This is a boost from PepsiCo’s previous quarterly dividend of $0.81. The ex-dividend date of this dividend is Thursday, May 31st. PepsiCo’s dividend payout ratio (DPR) is presently 61.57%.
PepsiCo announced that its Board of Directors has authorized a share buyback program on Tuesday, February 13th that allows the company to buyback $15.00 billion in shares. This buyback authorization allows the company to purchase shares of its stock through open market purchases. Stock buyback programs are usually a sign that the company’s board believes its stock is undervalued.
PepsiCo Company Profile
PepsiCo, Inc operates as a food and beverage company worldwide. Its Frito-Lay North America segment offers Lay's and Ruffles potato chips; Doritos, Tostitos, and Santitas tortilla chips; and Cheetos snacks, branded dips, and Fritos corn chips. The company's Quaker Foods North America segment provides cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes under the brands Quaker, Aunt Jemima, Cap'n crunch, life, Quaker Chewy, and Rice-A-Roni.
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