St. Clair Advisors LLC Makes New Investment in PepsiCo, Inc. (NASDAQ:PEP)

St. Clair Advisors LLC purchased a new position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 24,269 shares of the company's stock, valued at approximately $3,690,000. PepsiCo makes up about 1.1% of St. Clair Advisors LLC's portfolio, making the stock its 15th biggest holding.

Other large investors have also recently made changes to their positions in the company. Norges Bank bought a new position in shares of PepsiCo in the fourth quarter worth approximately $2,729,565,000. Raymond James Financial Inc. bought a new position in shares of PepsiCo in the fourth quarter worth approximately $589,307,000. Charles Schwab Investment Management Inc. grew its holdings in shares of PepsiCo by 18.1% in the fourth quarter. Charles Schwab Investment Management Inc. now owns 25,217,043 shares of the company's stock worth $3,834,504,000 after purchasing an additional 3,856,193 shares during the last quarter. Vanguard Group Inc. grew its holdings in shares of PepsiCo by 1.0% in the fourth quarter. Vanguard Group Inc. now owns 133,371,504 shares of the company's stock worth $20,280,471,000 after purchasing an additional 1,376,133 shares during the last quarter. Finally, Van ECK Associates Corp grew its holdings in shares of PepsiCo by 360.0% in the fourth quarter. Van ECK Associates Corp now owns 1,697,742 shares of the company's stock worth $258,158,000 after purchasing an additional 1,328,672 shares during the last quarter. 73.07% of the stock is owned by hedge funds and other institutional investors.

PepsiCo Stock Performance

Shares of PEP stock opened at $131.98 on Monday. PepsiCo, Inc. has a 12 month low of $127.87 and a 12 month high of $182.13. The stock has a market cap of $180.96 billion, a PE ratio of 18.99, a price-to-earnings-growth ratio of 3.09 and a beta of 0.47. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The company's fifty day moving average price is $141.38 and its 200-day moving average price is $149.42.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 for the quarter, compared to the consensus estimate of $17.81 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business's quarterly revenue was down 1.8% on a year-over-year basis. During the same quarter last year, the firm posted $1.61 EPS. On average, equities analysts expect that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Increases Dividend

The business 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 represents a $5.69 annualized dividend and a dividend yield of 4.31%. The ex-dividend date is Friday, June 6th. This is a positive change from PepsiCo's previous quarterly dividend of $1.36. PepsiCo's payout ratio is currently 83.68%.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the stock. JPMorgan Chase & Co. raised their target price on shares of PepsiCo from $158.00 to $159.00 and gave the stock a "neutral" rating in a report on Monday, April 21st. Citigroup cut their price target on shares of PepsiCo from $170.00 to $160.00 and set a "buy" rating on the stock in a report on Friday, April 25th. Bank of America cut their price target on shares of PepsiCo from $155.00 to $150.00 and set a "neutral" rating on the stock in a report on Friday, April 25th. Dbs Bank cut shares of PepsiCo from a "strong-buy" rating to a "hold" rating in a report on Friday, May 9th. Finally, Jefferies Financial Group cut shares of PepsiCo from a "buy" rating to a "hold" rating and cut their price target for the company from $171.00 to $170.00 in a report on Wednesday, March 12th. One investment 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 data from MarketBeat, the company presently has an average rating of "Hold" and a consensus price target of $160.69.

About PepsiCo

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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