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

Pacific Point Advisors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) in the fourth quarter, according to the company in its most recent filing with the 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 investment portfolio, making the stock its 11th biggest position.

A number of other institutional investors and hedge funds have also recently modified their holdings of PEP. Tcfg Wealth Management LLC lifted its stake in shares of PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares during the last quarter. Marshall Financial Group LLC lifted its stake 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 during the last quarter. Osprey Private Wealth LLC lifted its stake in shares of PepsiCo by 0.5% during 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. lifted its stake in shares of PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock worth $388,000 after acquiring an additional 70 shares during the last quarter. Finally, Lokken Investment Group LLC lifted its stake in shares of PepsiCo by 0.9% during the 4th quarter. Lokken Investment Group LLC now owns 7,699 shares of the company's stock worth $1,171,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.

PepsiCo Stock Up 0.8%

PEP stock traded up $1.10 on Tuesday, hitting $130.44. 3,548,727 shares of the company's stock were exchanged, compared to its average volume of 6,462,663. PepsiCo, Inc. has a 12-month low of $127.75 and a 12-month high of $180.91. The firm has a 50 day moving average price of $139.16 and a two-hundred day moving average price of $147.95. 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 stock has a market cap of $178.84 billion, a P/E ratio of 18.75, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced its earnings results on Thursday, April 24th. The company reported $1.48 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.01). PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The business had revenue of $17.92 billion for the quarter, compared to analysts' expectations of $17.81 billion. During the same quarter last year, the firm earned $1.61 earnings per share. The firm's quarterly revenue was down 1.8% compared to the same quarter last year. As a group, equities 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 paid a dividend of $1.4225 per share. This represents a $5.69 annualized dividend and a yield of 4.36%. This is an increase from PepsiCo's previous quarterly dividend of $1.36. The ex-dividend date is Friday, June 6th. PepsiCo's payout ratio is 83.68%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on PEP shares. Citigroup decreased their target price on PepsiCo from $170.00 to $160.00 and set a "buy" rating for the company in a research report on Friday, April 25th. UBS Group decreased their target price on PepsiCo from $175.00 to $169.00 and set a "buy" rating for the company in a research report on Friday, April 25th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Evercore ISI set a $140.00 target price on PepsiCo in a research report on Thursday, April 24th. Finally, Jefferies Financial Group lowered 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. One investment analyst has rated the stock with a sell rating, fifteen have given a hold rating and four have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and a consensus target price of $160.69.

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.