Slagle Financial LLC Purchases 2,747 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Slagle Financial LLC lifted its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 8.9% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 33,599 shares of the company's stock after buying an additional 2,747 shares during the period. PepsiCo makes up approximately 2.3% of Slagle Financial LLC's portfolio, making the stock its 9th largest position. Slagle Financial LLC's holdings in PepsiCo were worth $5,109,000 at the end of the most recent quarter.

A number of other large investors have also recently added to or reduced their stakes in the business. Collier Financial acquired a new position in shares of PepsiCo in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new position in PepsiCo during the third quarter worth $31,000. Creative Capital Management Investments LLC purchased a new position in shares of PepsiCo during the fourth quarter worth $30,000. Bay Harbor Wealth Management LLC acquired a new stake in shares of PepsiCo in the fourth quarter valued at $34,000. Finally, Human Investing LLC purchased a new stake in shares of PepsiCo in the 4th quarter valued at $39,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

NASDAQ:PEP traded up $1.08 during mid-day trading on Monday, reaching $150.35. The stock had a trading volume of 3,241,712 shares, compared to its average volume of 5,865,853. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. The business has a 50 day simple moving average of $149.25 and a 200 day simple moving average of $157.91. PepsiCo, Inc. has a twelve month low of $141.51 and a twelve month high of $183.41. The firm has a market capitalization of $206.21 billion, a price-to-earnings ratio of 21.63, a PEG ratio of 3.09 and a beta of 0.52.

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

PepsiCo Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Investors of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.60%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo's dividend payout ratio (DPR) is 77.99%.

Wall Street Analyst Weigh In

Several research firms have weighed in on PEP. HSBC dropped their target price on PepsiCo from $186.00 to $170.00 and set a "hold" rating for the company in a research report on Tuesday, February 4th. BNP Paribas cut their target price on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating on the stock in a research note on Tuesday, February 4th. Barclays cut shares of PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their price target for the company from $168.00 to $156.00 in a research report on Tuesday, March 18th. Evercore ISI reduced their price objective on PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. Finally, StockNews.com cut PepsiCo from a "buy" rating to a "hold" rating in a research note on Thursday, February 6th. One research analyst has rated the stock with a sell rating, fourteen have given a hold rating and six have issued a buy rating to the company's stock. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and a consensus target price of $169.88.

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.