Planned Solutions Inc. Acquires Shares of 649 PepsiCo, Inc. (NASDAQ:PEP)

Planned Solutions Inc. purchased a new stake in PepsiCo, Inc. (NASDAQ:PEP) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm purchased 649 shares of the company’s stock, valued at approximately $110,000.

Several other institutional investors also recently modified their holdings of the stock. Jacobs & Co. CA boosted its position in PepsiCo by 3.8% during the 4th quarter. Jacobs & Co. CA now owns 75,515 shares of the company’s stock worth $12,825,000 after buying an additional 2,743 shares during the period. S.A. Mason LLC raised its holdings in PepsiCo by 7.6% during the 4th quarter. S.A. Mason LLC now owns 9,583 shares of the company’s stock worth $1,627,000 after purchasing an additional 680 shares during the last quarter. Highland Capital Management LLC raised its stake in PepsiCo by 0.3% during the fourth quarter. Highland Capital Management LLC now owns 95,405 shares of the company’s stock worth $16,204,000 after buying an additional 317 shares during the last quarter. Columbia Trust Co 01012016 boosted its position in PepsiCo by 16.0% during the fourth quarter. Columbia Trust Co 01012016 now owns 11,594 shares of the company’s stock valued at $1,969,000 after acquiring an additional 1,601 shares during the last quarter. Finally, Family Legacy Inc. raised its position in shares of PepsiCo by 2.7% in the 4th quarter. Family Legacy Inc. now owns 15,497 shares of the company’s stock worth $2,632,000 after acquiring an additional 404 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several analysts have recently commented on the stock. JPMorgan Chase & Co. downgraded shares of PepsiCo from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $185.00 to $176.00 in a research report on Tuesday, December 19th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Wedbush restated an “outperform” rating and set a $195.00 price target on shares of PepsiCo in a research note on Friday, February 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on shares of PepsiCo from $181.00 to $184.00 and gave the company a “hold” rating in a report on Friday, February 9th. Finally, Morgan Stanley upgraded PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price target for the company in a research note on Monday, March 18th. Five research analysts have rated the stock with a hold rating and seven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

PepsiCo Stock Performance

Shares of PepsiCo stock opened at $173.57 on Thursday. PepsiCo, Inc. has a one year low of $155.83 and a one year high of $196.88. The company has a market capitalization of $238.57 billion, a PE ratio of 26.42, a P/E/G ratio of 2.70 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The company has a 50-day simple moving average of $167.96 and a two-hundred day simple moving average of $167.95.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. The firm had revenue of $27.84 billion during the quarter, compared to analysts’ expectations of $28.40 billion. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The firm’s revenue was down .6% compared to the same quarter last year. During the same quarter last year, the company posted $1.67 earnings per share. Research analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, April 1st. Stockholders of record on Friday, March 1st will be given a $1.265 dividend. This represents a $5.06 dividend on an annualized basis and a dividend yield of 2.92%. The ex-dividend date of this dividend is Thursday, February 29th. PepsiCo’s dividend payout ratio (DPR) is 77.02%.

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.