Orion Portfolio Solutions LLC lifted its position in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.8% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 130,108 shares of the company's stock after buying an additional 5,924 shares during the period. Orion Portfolio Solutions LLC's holdings in PepsiCo were worth $19,784,000 as of its most recent SEC filing.
A number of other hedge funds also recently added to or reduced their stakes in PEP. Tcfg Wealth Management LLC boosted its holdings 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 purchasing an additional 66 shares during the last quarter. Lincoln Capital LLC lifted its position in PepsiCo by 0.4% during 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 in the last quarter. Marshall Financial Group LLC boosted its stake in PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after buying an additional 70 shares during the last quarter. Osprey Private Wealth LLC increased its stake in shares of PepsiCo by 0.5% in 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. Finally, TAGStone Capital Inc. raised its holdings 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 period. 73.07% of the stock is currently owned by hedge funds and other institutional investors.
PepsiCo Stock Up 0.7 %
NASDAQ PEP traded up $1.05 during trading hours on Monday, hitting $150.32. 3,241,712 shares of the company were exchanged, compared to its average volume of 5,865,827. The company has a 50 day moving average of $149.25 and a two-hundred day moving average of $157.91. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The firm has a market cap of $206.16 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.09 and a beta of 0.52. PepsiCo, Inc. has a 52-week low of $141.51 and a 52-week high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last issued its earnings results on Tuesday, February 4th. The company reported $1.96 earnings per share for the quarter, beating the consensus estimate of $1.94 by $0.02. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. The firm had revenue of $27.78 billion for the quarter, compared to analysts' expectations of $27.89 billion. During the same quarter last year, the company earned $1.78 earnings per share. The firm's revenue was down .2% compared to the same quarter last year. Equities research analysts anticipate that PepsiCo, Inc. will post 8.3 earnings per share for the current year.
PepsiCo Announces Dividend
The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be given a dividend of $1.355 per share. The ex-dividend date is Friday, March 7th. This represents a $5.42 annualized dividend and a dividend yield of 3.61%. PepsiCo's dividend payout ratio is currently 77.99%.
Wall Street Analyst Weigh In
Several equities research analysts recently issued reports on the stock. StockNews.com cut shares of PepsiCo from a "buy" rating to a "hold" rating in a research report on Thursday, February 6th. CICC Research reaffirmed a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Citigroup lowered their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a research report on Wednesday, February 5th. Evercore ISI decreased their price target on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, Royal Bank of Canada initiated coverage on PepsiCo in a research report on Tuesday, February 4th. They set a $172.00 price objective for the company. One analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have assigned a buy rating to the company. Based on data from MarketBeat, PepsiCo presently has a consensus rating of "Hold" and a consensus target price of $169.88.
View Our Latest Analysis on PepsiCo
PepsiCo Profile
(
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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