Spearhead Capital Advisors LLC raised its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 4.5% during the fourth quarter, Holdings Channel.com reports. The institutional investor owned 36,211 shares of the company’s stock after buying an additional 1,572 shares during the period. Spearhead Capital Advisors LLC’s holdings in PepsiCo were worth $4,949,000 at the end of the most recent reporting period.
A number of other large investors also recently made changes to their positions in the business. United Asset Strategies Inc. boosted its holdings in shares of PepsiCo by 5.6% during the third quarter. United Asset Strategies Inc. now owns 15,266 shares of the company’s stock worth $2,093,000 after purchasing an additional 816 shares during the last quarter. Commonwealth Equity Services LLC boosted its holdings in PepsiCo by 2.4% in the third quarter. Commonwealth Equity Services LLC now owns 677,097 shares of the company’s stock valued at $92,830,000 after acquiring an additional 16,041 shares during the last quarter. Great Lakes Advisors LLC boosted its holdings in PepsiCo by 6.8% in the third quarter. Great Lakes Advisors LLC now owns 60,188 shares of the company’s stock valued at $8,252,000 after acquiring an additional 3,843 shares during the last quarter. SeaCrest Wealth Management LLC boosted its holdings in PepsiCo by 5.4% in the fourth quarter. SeaCrest Wealth Management LLC now owns 18,489 shares of the company’s stock valued at $2,527,000 after acquiring an additional 950 shares during the last quarter. Finally, Stillwater Investment Management LLC boosted its holdings in PepsiCo by 17.7% in the fourth quarter. Stillwater Investment Management LLC now owns 17,907 shares of the company’s stock valued at $2,447,000 after acquiring an additional 2,688 shares during the last quarter. Hedge funds and other institutional investors own 71.35% of the company’s stock.
NASDAQ:PEP traded up $0.52 during mid-day trading on Friday, hitting $146.99. The company had a trading volume of 3,555,613 shares, compared to its average volume of 4,124,520. The business has a fifty day simple moving average of $140.04 and a 200-day simple moving average of $136.11. The company has a current ratio of 0.95, a quick ratio of 0.77 and a debt-to-equity ratio of 2.08. PepsiCo, Inc. has a 1 year low of $114.11 and a 1 year high of $147.15. The firm has a market capitalization of $203.11 billion, a price-to-earnings ratio of 16.78, a PEG ratio of 3.51 and a beta of 0.53.
PepsiCo (NASDAQ:PEP) last released its quarterly earnings data on Thursday, February 13th. The company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.44 by $0.01. PepsiCo had a return on equity of 55.00% and a net margin of 18.78%. The company had revenue of $20.64 billion for the quarter, compared to analyst estimates of $20.24 billion. During the same period last year, the company posted $1.49 earnings per share. The firm’s revenue was up 5.7% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 5.51 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 31st. Shareholders of record on Friday, March 6th will be given a $0.955 dividend. This represents a $3.82 annualized dividend and a yield of 2.60%. The ex-dividend date of this dividend is Thursday, March 5th. PepsiCo’s dividend payout ratio (DPR) is presently 67.49%.
PEP has been the topic of a number of research analyst reports. BidaskClub upgraded PepsiCo from a “hold” rating to a “buy” rating in a report on Saturday, January 25th. Cfra lifted their target price on PepsiCo from $150.00 to $160.00 and gave the company a “buy” rating in a report on Thursday. Citigroup lifted their target price on PepsiCo from $143.00 to $157.00 and gave the company a “neutral” rating in a report on Friday. Morgan Stanley cut PepsiCo from an “overweight” rating to an “equal weight” rating in a report on Monday, December 16th. Finally, Evercore ISI reiterated a “hold” rating on shares of PepsiCo in a report on Sunday, December 15th. One equities research analyst has rated the stock with a sell rating, thirteen have given a hold rating and eleven have given a buy rating to the company’s stock. PepsiCo has a consensus rating of “Hold” and an average target price of $137.45.
PepsiCo, Inc operates as a food and beverage company worldwide. The company's Frito-Lay North America segment offers branded dips; Cheetos cheese-flavored snacks; and Doritos tortilla, Fritos corn, Lay's potato, Ruffles potato, and Tostitos tortilla chips. Its 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 Aunt Jemima, Cap'n crunch, Life, Quaker Chewy, Quaker, and Rice-A-Roni brands.
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