Vestor Capital LLC reduced its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 61.4% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 45,555 shares of the company's stock after selling 72,589 shares during the quarter. Vestor Capital LLC's holdings in PepsiCo were worth $7,737,000 as of its most recent filing with the Securities & Exchange Commission.
Several other institutional investors have also added to or reduced their stakes in PEP. LFA Lugano Financial Advisors SA grew its position in shares of PepsiCo by 80.5% in the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company's stock worth $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc bought a new position in shares of PepsiCo during the fourth quarter valued at approximately $34,000. Naples Money Management LLC purchased a new position in shares of PepsiCo during the fourth quarter valued at approximately $36,000. Criterion Capital Advisors LLC purchased a new stake in shares of PepsiCo in the 4th quarter worth approximately $39,000. Finally, Avion Wealth increased its position in PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company's stock valued at $41,000 after buying an additional 92 shares in the last quarter. Hedge funds and other institutional investors own 73.07% of the company's stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on PEP. Royal Bank of Canada reiterated a "sector perform" rating and issued a $180.00 price target on shares of PepsiCo in a research note on Monday, February 12th. Jefferies Financial Group increased their price objective on shares of PepsiCo from $199.00 to $209.00 and gave the company a "buy" rating in a report on Friday, April 5th. JPMorgan Chase & Co. boosted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a "neutral" rating in a report on Wednesday, April 24th. Barclays raised their target price on shares of PepsiCo from $184.00 to $185.00 and gave the company an "overweight" rating in a research note on Thursday, April 25th. Finally, Morgan Stanley raised shares of PepsiCo from an "equal weight" rating to an "overweight" rating and set a $190.00 price objective for the company in a report on Monday, March 18th. Six equities research analysts have rated the stock with a hold rating and six have given a buy rating to the stock. Based on data from MarketBeat, PepsiCo has an average rating of "Moderate Buy" and a consensus target price of $187.42.
Check Out Our Latest Research Report on PEP
PepsiCo Stock Performance
Shares of PepsiCo stock traded up $1.73 during midday trading on Friday, hitting $179.79. The company had a trading volume of 4,201,635 shares, compared to its average volume of 5,273,111. The stock has a market cap of $247.17 billion, a price-to-earnings ratio of 27.04, a PEG ratio of 2.87 and a beta of 0.52. PepsiCo, Inc. has a 12-month low of $155.83 and a 12-month high of $196.88. The company has a quick ratio of 0.68, a current ratio of 0.86 and a debt-to-equity ratio of 1.96. The company has a fifty day simple moving average of $170.96 and a 200 day simple moving average of $168.82.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its quarterly earnings results on Tuesday, April 23rd. The company reported $1.61 EPS for the quarter, topping analysts' consensus estimates of $1.52 by $0.09. The company had revenue of $18.25 billion during the quarter, compared to analysts' expectations of $18.08 billion. PepsiCo had a return on equity of 57.37% and a net margin of 10.00%. The firm's revenue was up 2.3% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.50 EPS. As a group, analysts predict that PepsiCo, Inc. will post 8.16 earnings per share for the current fiscal year.
PepsiCo Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Friday, June 28th. Stockholders of record on Friday, June 7th will be issued a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.01%. The ex-dividend date is Friday, June 7th. This is a boost from PepsiCo's previous quarterly dividend of $1.27. PepsiCo's payout ratio is 76.09%.
PepsiCo Company 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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