Cobblestone Capital Advisors LLC NY Increases Stock Position in PepsiCo, Inc. (NASDAQ:PEP)


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Cobblestone Capital Advisors LLC NY grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP) by 0.1% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 111,301 shares of the company’s stock after acquiring an additional 165 shares during the period. PepsiCo comprises about 1.3% of Cobblestone Capital Advisors LLC NY’s holdings, making the stock its 25th biggest position. Cobblestone Capital Advisors LLC NY’s holdings in PepsiCo were worth $16,506,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of PEP. McClarren Financial Advisors Inc. acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $27,000. PrairieView Partners LLC acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $30,000. Interactive Financial Advisors acquired a new position in shares of PepsiCo during the 4th quarter worth approximately $33,000. Catalyst Private Wealth LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $34,000. Finally, Baron Financial Group LLC acquired a new position in shares of PepsiCo during the 3rd quarter worth approximately $35,000. Institutional investors own 69.94% of the company’s stock.

PepsiCo stock traded down $0.40 during trading on Tuesday, reaching $131.59. 208,293 shares of the company’s stock were exchanged, compared to its average volume of 4,864,003. The company’s 50-day moving average is $139.12 and its two-hundred day moving average is $139.92. The company has a debt-to-equity ratio of 2.79, a quick ratio of 0.77 and a current ratio of 0.93. PepsiCo, Inc. has a 52-week low of $101.42 and a 52-week high of $148.77. The firm has a market cap of $181.54 billion, a price-to-earnings ratio of 26.14, a PEG ratio of 3.63 and a beta of 0.57.

PepsiCo (NASDAQ:PEP) last announced its quarterly earnings results on Thursday, February 11th. The company reported $1.47 earnings per share for the quarter, topping analysts’ consensus estimates of $1.45 by $0.02. PepsiCo had a net margin of 10.27% and a return on equity of 56.28%. Analysts anticipate that PepsiCo, Inc. will post 5.51 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, March 31st. Shareholders of record on Friday, March 5th will be issued a $1.0225 dividend. The ex-dividend date is Thursday, March 4th. This represents a $4.09 dividend on an annualized basis and a yield of 3.11%. PepsiCo’s dividend payout ratio is currently 73.96%.

Several research firms have commented on PEP. Royal Bank of Canada cut shares of PepsiCo from an “outperform” rating to a “sector perform” rating and set a $153.00 target price for the company. in a research note on Monday, January 4th. They noted that the move was a valuation call. Wells Fargo & Company began coverage on shares of PepsiCo in a research note on Monday, December 7th. They issued an “equal weight” rating and a $157.00 target price for the company. Zacks Investment Research raised shares of PepsiCo from a “hold” rating to a “buy” rating and set a $142.00 target price for the company in a research note on Friday, February 12th. Deutsche Bank Aktiengesellschaft lifted their target price on shares of PepsiCo from $143.00 to $148.00 and gave the stock a “hold” rating in a research note on Wednesday, February 3rd. Finally, Barclays reaffirmed a “neutral” rating on shares of PepsiCo in a research note on Sunday, February 14th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating, eight have given a buy rating and two have given a strong buy rating to the company’s stock. PepsiCo presently has an average rating of “Buy” and a consensus target price of $144.78.

PepsiCo Profile

PepsiCo, Inc operates as a food and beverage company worldwide. The company operates through seven segments: FLNA, QFNA, PBNA, LatAm, Europe, AMESA, and APAC. It offers branded dips, cheese-flavored snacks, and tortillas, as well as corn, potato, and tortilla chips; cereals, rice, pasta, mixes and syrups, granola bars, grits, oat squares, oatmeal, rice cakes, simply granola, and side dishes; beverage concentrates, fountain syrups, and finished goods; ready-to-drink tea, coffee, and juices; and dairy products.

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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