Castlekeep Investment Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 7,521 shares of the company's stock, valued at approximately $1,144,000.
Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Tcfg Wealth Management LLC grew its position in PepsiCo by 3.5% during the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after buying an additional 66 shares during the period. Marshall Financial Group LLC raised its holdings in shares of PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after acquiring an additional 70 shares in the last quarter. Osprey Private Wealth LLC lifted its holdings in shares of PepsiCo by 0.5% in the 4th quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock worth $2,290,000 after acquiring an additional 70 shares during the last quarter. TAGStone Capital Inc. grew its stake in shares of PepsiCo by 2.8% during the fourth quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares during the last quarter. Finally, Lokken Investment Group LLC boosted its stake in shares of PepsiCo by 0.9% during the fourth quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock valued at $1,171,000 after purchasing an additional 70 shares during the period. Institutional investors own 73.07% of the company's stock.
PepsiCo Price Performance
PEP traded up $0.08 on Wednesday, hitting $131.45. 2,289,075 shares of the company were exchanged, compared to its average volume of 6,487,848. PepsiCo, Inc. has a fifty-two week low of $127.75 and a fifty-two week high of $180.91. The business's fifty day moving average is $138.84 and its 200 day moving average is $147.83. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The firm has a market capitalization of $180.23 billion, a P/E ratio of 18.89, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Thursday, April 24th. The company reported $1.48 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $17.92 billion during the quarter, compared to the consensus estimate of $17.81 billion. During the same quarter last year, the firm posted $1.61 EPS. The firm's quarterly revenue was down 1.8% on a year-over-year basis. As a group, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current year.
PepsiCo Increases Dividend
The firm also recently declared a quarterly dividend, which will be paid on Monday, June 30th. Stockholders of record on Friday, June 6th will be given a $1.4225 dividend. This is an increase from PepsiCo's previous quarterly dividend of $1.36. This represents a $5.69 dividend on an annualized basis and a dividend yield of 4.33%. The ex-dividend date is Friday, June 6th. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.
Wall Street Analyst Weigh In
A number of equities research analysts recently weighed in on the company. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research note on Tuesday, February 4th. Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and decreased their target price for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. UBS Group reduced their price target on PepsiCo from $175.00 to $169.00 and set a "buy" rating on the stock in a research report on Friday, April 25th. Morgan Stanley dropped their target price on PepsiCo from $168.00 to $153.00 and set an "equal weight" rating on the stock in a research note on Friday, April 25th. Finally, Wall Street Zen lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. One analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $160.69.
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PepsiCo Profile
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Free Report)
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.
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