Pacific Point Advisors LLC Buys Shares of 17,447 PepsiCo, Inc. (NASDAQ:PEP)

Pacific Point Advisors LLC bought a new stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund bought 17,447 shares of the company's stock, valued at approximately $2,503,000. PepsiCo accounts for 1.5% of Pacific Point Advisors LLC's holdings, making the stock its 11th biggest holding.

Several other large investors also recently added to or reduced their stakes in the business. Sunbelt Securities Inc. raised its position in shares of PepsiCo by 0.5% during the fourth quarter. Sunbelt Securities Inc. now owns 20,191 shares of the company's stock valued at $3,063,000 after buying an additional 102 shares during the last quarter. Fourth Dimension Wealth LLC purchased a new position in PepsiCo during the fourth quarter worth $95,000. Breed s Hill Capital LLC boosted its stake in PepsiCo by 43.4% during the fourth quarter. Breed s Hill Capital LLC now owns 1,944 shares of the company's stock worth $296,000 after buying an additional 588 shares during the period. Navalign LLC purchased a new position in PepsiCo during the fourth quarter worth $237,000. Finally, Blue Fin Capital Inc. boosted its stake in PepsiCo by 3.1% during the fourth quarter. Blue Fin Capital Inc. now owns 9,822 shares of the company's stock worth $1,494,000 after buying an additional 295 shares during the period. 73.07% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

PEP has been the subject of a number of recent analyst reports. Jefferies Financial Group lowered shares of PepsiCo from a "buy" rating to a "hold" rating and lowered their target price for the company from $171.00 to $170.00 in a research note on Wednesday, March 12th. Morgan Stanley lowered their price objective on shares of PepsiCo from $168.00 to $153.00 and set an "equal weight" rating for the company in a research note on Friday, April 25th. HSBC lowered their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. Wells Fargo & Company lowered their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating for the company in a research note on Wednesday, February 5th. Finally, Evercore ISI set a $140.00 price objective on shares of PepsiCo in a research note on Thursday, April 24th. One equities 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 stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.

PepsiCo Price Performance

PepsiCo stock opened at $130.12 on Friday. PepsiCo, Inc. has a 12-month low of $127.87 and a 12-month high of $181.89. The stock has a market capitalization of $178.40 billion, a P/E ratio of 18.72, a P/E/G ratio of 3.09 and a beta of 0.47. The firm's 50-day moving average is $139.93 and its two-hundred day moving average is $148.69. The company has a debt-to-equity ratio of 2.05, a current ratio of 0.82 and a quick ratio of 0.65.

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). The business had revenue of $17.92 billion during the quarter, compared to analyst estimates of $17.81 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The firm's quarterly revenue was down 1.8% on a year-over-year basis. During the same period in the previous year, the business posted $1.61 earnings per share. Equities analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, June 30th. Shareholders of record on Friday, June 6th will be paid a dividend of $1.4225 per share. This represents a $5.69 dividend on an annualized basis and a yield of 4.37%. The ex-dividend date of this dividend is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's dividend payout ratio (DPR) is 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.

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