Gallagher Capital Advisors LLC bought a new position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm bought 1,776 shares of the company's stock, valued at approximately $270,000.
A number of other large investors have also added to or reduced their stakes in PEP. Paulson Wealth Management Inc. lifted its holdings in PepsiCo by 2.1% in the 3rd quarter. Paulson Wealth Management Inc. now owns 2,986 shares of the company's stock worth $508,000 after buying an additional 60 shares during the period. Tcfg Wealth Management LLC raised its holdings in PepsiCo by 3.5% in the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after purchasing an additional 66 shares in the last quarter. BIP Wealth LLC lifted its position in shares of PepsiCo by 1.9% in the 3rd quarter. BIP Wealth LLC now owns 3,601 shares of the company's stock worth $612,000 after purchasing an additional 67 shares during the period. Lincoln Capital LLC lifted its holdings in PepsiCo by 0.4% in the fourth quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock worth $2,556,000 after buying an additional 70 shares during the period. Finally, Marshall Financial Group LLC boosted its position in PepsiCo by 2.3% during the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after acquiring an additional 70 shares in the last quarter. Institutional investors own 73.07% of the company's stock.
PepsiCo Stock Performance
Shares of NASDAQ PEP opened at $154.44 on Monday. The stock has a market cap of $211.81 billion, a PE ratio of 22.22, a price-to-earnings-growth ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 1 year low of $141.51 and a 1 year high of $183.41. The firm has a fifty day moving average price of $148.80 and a 200-day moving average price of $160.76. 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 Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.94 by $0.02. The business had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. PepsiCo's revenue for the quarter was down .2% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.78 EPS. Equities analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a dividend of $1.355 per share. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.51%. PepsiCo's payout ratio is 77.99%.
Wall Street Analyst Weigh In
PEP has been the subject of a number of research reports. BNP Paribas decreased their price objective on PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a report on Tuesday, February 4th. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a report on Tuesday, February 4th. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research note on Wednesday, February 5th. CICC Research reiterated a "market perform" rating on shares of PepsiCo in a research note on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft reduced their price objective on shares of PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. One investment analyst has rated the stock with a sell rating, twelve have given a hold rating and eight have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of "Hold" and a consensus price target of $172.35.
Read Our Latest Research Report on PEP
About PepsiCo
(
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.
Further Reading
Want to see what other hedge funds are holding PEP? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for PepsiCo, Inc. (NASDAQ:PEP - Free Report).
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