PepsiCo, Inc. (NASDAQ:PEP) Stock Position Lifted by Savvy Advisors Inc.

Savvy Advisors Inc. grew its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 91.5% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,205 shares of the company's stock after acquiring an additional 2,964 shares during the quarter. Savvy Advisors Inc.'s holdings in PepsiCo were worth $944,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC boosted its position in PepsiCo by 2.0% during the 3rd quarter. Howard Capital Management Group LLC now owns 4,568 shares of the company's stock worth $777,000 after purchasing an additional 90 shares during the period. Morse Asset Management Inc purchased a new position in PepsiCo in the 3rd quarter worth approximately $996,000. Invst LLC boosted its stake in shares of PepsiCo by 4.6% in the third quarter. Invst LLC now owns 3,003 shares of the company's stock valued at $511,000 after purchasing an additional 133 shares during the period. Virtu Financial LLC purchased a new position in PepsiCo in the 3rd quarter valued at about $1,611,000. Finally, Te Ahumairangi Investment Management Ltd boosted its holdings in PepsiCo by 3.4% in the third quarter. Te Ahumairangi Investment Management Ltd now owns 16,624 shares of the company's stock valued at $2,811,000 after purchasing an additional 550 shares during the last quarter. Institutional investors and hedge funds own 73.07% of the company's stock.

Wall Street Analyst Weigh In

A number of research analysts have commented on the stock. Morgan Stanley reduced their price objective on shares of PepsiCo from $185.00 to $168.00 and set an "equal weight" rating on the stock in a research note on Wednesday, February 5th. Evercore ISI dropped their price target on PepsiCo from $180.00 to $160.00 in a research report on Tuesday, February 4th. BNP Paribas reduced their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research report on Tuesday, February 4th. Citigroup lowered their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. Finally, Wells Fargo & Company dropped their target price on PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a research report on Wednesday, February 5th. One research analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $168.12.

PepsiCo Trading Up 1.9 %

Shares of NASDAQ PEP traded up $2.61 during mid-day trading on Thursday, hitting $142.70. 2,757,058 shares of the company traded hands, compared to its average volume of 6,087,117. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. PepsiCo, Inc. has a 1 year low of $138.33 and a 1 year high of $183.41. The stock has a market capitalization of $195.69 billion, a price-to-earnings ratio of 20.53, a PEG ratio of 3.09 and a beta of 0.49. The business has a 50 day moving average of $148.25 and a two-hundred day moving average of $155.32.

PepsiCo (NASDAQ:PEP - Get Free Report) last released its quarterly earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The business had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same quarter in the previous year, the business earned $1.78 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. On average, sell-side analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, March 31st. Stockholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.80%. PepsiCo's dividend payout ratio (DPR) is presently 77.99%.

PepsiCo 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.