Copley Financial Group Inc. Purchases 2,905 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Copley Financial Group Inc. boosted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4,210.1% in the fourth quarter, according to its most recent filing with the SEC. The institutional investor owned 2,974 shares of the company's stock after purchasing an additional 2,905 shares during the period. Copley Financial Group Inc.'s holdings in PepsiCo were worth $452,000 as of its most recent SEC filing.

A number of other institutional investors have also added to or reduced their stakes in the company. Collier Financial bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. WealthTrak Capital Management LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $28,000. Creative Capital Management Investments LLC bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $30,000. Finally, Measured Risk Portfolios Inc. bought a new position in shares of PepsiCo during the 4th quarter valued at approximately $31,000. 73.07% of the stock is owned by institutional investors.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Barclays cut their price objective on shares of PepsiCo from $143.00 to $135.00 and set an "equal weight" rating for the company in a report on Monday, April 28th. Evercore ISI set a $140.00 price objective on shares of PepsiCo in a report on Thursday, April 24th. Dbs Bank downgraded shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a report on Friday, February 7th. Finally, Morgan Stanley cut their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a report on Friday, April 25th. One research analyst has rated the stock with a sell rating, fifteen have assigned a hold rating and four have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Trading Up 1.6%

NASDAQ:PEP traded up $2.03 during trading hours on Tuesday, reaching $131.37. The company's stock had a trading volume of 13,960,301 shares, compared to its average volume of 6,503,657. The firm has a market capitalization of $180.12 billion, a price-to-earnings ratio of 18.90, a PEG ratio of 3.09 and a beta of 0.47. The firm has a 50-day simple moving average of $138.84 and a 200-day simple moving average of $147.83. PepsiCo, Inc. has a 1 year low of $127.75 and a 1 year high of $180.91. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82.

PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Thursday, April 24th. The company reported $1.48 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.01). The business had revenue of $17.92 billion during the quarter, compared to analysts' expectations of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down 1.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.61 EPS. Research analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, June 30th. Investors of record on Friday, June 6th will be given a $1.4225 dividend. This represents a $5.69 dividend on an annualized basis and a yield of 4.33%. The ex-dividend date of this dividend is Friday, June 6th. This is a boost from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is presently 83.68%.

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.