LM Advisors LLC Has $1.07 Million Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

LM Advisors LLC lifted its stake in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 240.5% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,957 shares of the company's stock after acquiring an additional 4,914 shares during the quarter. LM Advisors LLC's holdings in PepsiCo were worth $1,067,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. Tcfg Wealth Management LLC lifted its position in shares of 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 buying an additional 66 shares during the last quarter. Lincoln Capital LLC grew its stake in shares of 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 purchasing an additional 70 shares in the last quarter. Marshall Financial Group LLC increased its holdings in shares of PepsiCo by 2.3% during the fourth quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock valued at $476,000 after purchasing an additional 70 shares during the period. Osprey Private Wealth LLC raised its stake in shares of PepsiCo by 0.5% during the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after purchasing an additional 70 shares in the last quarter. Finally, TAGStone Capital Inc. grew its position in PepsiCo by 2.8% in the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after buying an additional 70 shares in the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

Remove Ads

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on PEP shares. HSBC reduced their price target on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research note on Tuesday, February 4th. TD Cowen reduced their target price on shares of PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Deutsche Bank Aktiengesellschaft reduced their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating for the company in a research note on Wednesday, January 22nd. JPMorgan Chase & Co. reduced their target price on PepsiCo from $183.00 to $165.00 and set a "neutral" rating for the company in a report on Friday, January 24th. Finally, UBS Group dropped their price target on PepsiCo from $193.00 to $175.00 and set a "buy" rating on the stock in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and six have issued a buy rating to the company. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus price target of $169.88.

PepsiCo Stock Down 0.3 %

Shares of PepsiCo stock traded down $0.40 on Friday, hitting $149.27. 8,549,260 shares of the company traded hands, compared to its average volume of 5,875,691. 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 12-month low of $141.51 and a 12-month high of $183.41. The company has a 50-day moving average price of $149.25 and a 200 day moving average price of $158.03. The company has a market cap of $204.72 billion, a PE ratio of 21.48, a PEG ratio of 3.09 and a beta of 0.52.

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, topping the consensus estimate of $1.94 by $0.02. PepsiCo had a return on equity of 58.87% and a net margin of 10.43%. The company had revenue of $27.78 billion for the quarter, compared to analyst estimates of $27.89 billion. During the same period in the prior year, the firm posted $1.78 EPS. The business's revenue was down .2% compared to the same quarter last year. Sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

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 issued a $1.355 dividend. The ex-dividend date of this dividend is Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.63%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

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.