Montag & Caldwell LLC Has $637,000 Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Montag & Caldwell LLC lessened its stake in PepsiCo, Inc. (NASDAQ:PEP) by 2.5% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,749 shares of the company’s stock after selling 95 shares during the period. Montag & Caldwell LLC’s holdings in PepsiCo were worth $637,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. TFG Advisers LLC grew its stake in shares of PepsiCo by 2.8% during the 3rd quarter. TFG Advisers LLC now owns 18,778 shares of the company’s stock worth $3,182,000 after purchasing an additional 519 shares during the period. Penn Davis Mcfarland Inc. increased its position in shares of PepsiCo by 8.7% during the 3rd quarter. Penn Davis Mcfarland Inc. now owns 2,485 shares of the company’s stock valued at $421,000 after purchasing an additional 199 shares during the period. First Personal Financial Services boosted its position in PepsiCo by 7.4% during the third quarter. First Personal Financial Services now owns 34,728 shares of the company’s stock valued at $5,884,000 after purchasing an additional 2,396 shares during the last quarter. Zullo Investment Group Inc. grew its stake in shares of PepsiCo by 3.5% in the 3rd quarter. Zullo Investment Group Inc. now owns 7,410 shares of the company’s stock valued at $1,256,000 after purchasing an additional 250 shares during the period. Finally, Accel Wealth Management raised its stake in PepsiCo by 5.0% during the 3rd quarter. Accel Wealth Management now owns 11,377 shares of the company’s stock worth $1,928,000 after buying an additional 539 shares during the period. 73.07% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

Several equities research analysts have commented on the stock. Morgan Stanley upgraded shares of PepsiCo from an “equal weight” rating to an “overweight” rating and set a $190.00 price objective for the company in a research note on Monday, March 18th. Jefferies Financial Group increased their price target on shares of PepsiCo from $199.00 to $209.00 and gave the company a “buy” rating in a research note on Friday, April 5th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Argus lowered PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. Finally, JPMorgan Chase & Co. lifted their target price on PepsiCo from $178.00 to $181.00 and gave the company a “neutral” rating in a research report on Wednesday, April 24th. Six investment analysts have rated the stock with a hold rating and six have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $187.42.

PepsiCo Stock Up 0.0 %

NASDAQ PEP traded up $0.02 on Monday, hitting $175.60. The stock had a trading volume of 1,006,307 shares, compared to its average volume of 5,795,404. The stock has a market cap of $241.41 billion, a price-to-earnings ratio of 26.42, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53. The business’s fifty day moving average price is $169.40 and its 200 day moving average price is $167.92. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88. The company has a debt-to-equity ratio of 1.96, a current ratio of 0.86 and a quick ratio of 0.68.

PepsiCo (NASDAQ:PEP) last released its earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping the consensus estimate of $1.52 by $0.09. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The company had revenue of $18.25 billion during the quarter, compared to analysts’ expectations of $18.08 billion. During the same quarter last year, the business earned $1.50 EPS. The business’s revenue was up 2.3% on a year-over-year basis. Equities research analysts anticipate that PepsiCo, Inc. will post 8.16 earnings per share for the current year.

PepsiCo Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were issued a dividend of $1.265 per share. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 annualized dividend and a yield of 2.88%. PepsiCo’s dividend payout ratio is currently 76.09%.

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.