Savvy Advisors Inc. Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Savvy Advisors Inc. boosted its holdings in PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 91.5% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm 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 hedge funds have also recently added to or reduced their stakes in the business. Tcfg Wealth Management LLC boosted its holdings in PepsiCo by 3.5% during the 4th quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock valued at $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC raised its holdings in PepsiCo by 0.4% during the 4th quarter. Lincoln Capital LLC now owns 16,808 shares of the company's stock valued at $2,556,000 after buying an additional 70 shares during the last quarter. Marshall Financial Group LLC grew its holdings in PepsiCo by 2.3% in the 4th quarter. Marshall Financial Group LLC now owns 3,128 shares of the company's stock worth $476,000 after acquiring an additional 70 shares during the last quarter. Osprey Private Wealth LLC increased its position in shares of PepsiCo by 0.5% in the fourth quarter. Osprey Private Wealth LLC now owns 15,060 shares of the company's stock valued at $2,290,000 after acquiring an additional 70 shares during the period. Finally, TAGStone Capital Inc. increased its holdings in PepsiCo by 2.8% during the 4th quarter. TAGStone Capital Inc. now owns 2,527 shares of the company's stock valued at $388,000 after purchasing an additional 70 shares during the period. Institutional investors own 73.07% of the company's stock.

Remove Ads

PepsiCo Price Performance

Shares of NASDAQ PEP traded down $3.91 during midday trading on Tuesday, reaching $142.84. The stock had a trading volume of 5,455,357 shares, compared to its average volume of 6,086,747. The company has a debt-to-equity ratio of 2.05, a quick ratio of 0.65 and a current ratio of 0.82. PepsiCo, Inc. has a 12-month low of $138.33 and a 12-month high of $183.41. The stock has a 50-day moving average of $148.39 and a 200-day moving average of $155.52. The company has a market capitalization of $195.88 billion, a price-to-earnings ratio of 20.55, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49.

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, 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 business had revenue of $27.78 billion during the quarter, compared to the consensus estimate of $27.89 billion. During the same period in the prior year, the company posted $1.78 EPS. The firm's revenue for the quarter was down .2% compared to the same quarter last year. As a group, research analysts anticipate that PepsiCo, Inc. will post 8.3 EPS for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a dividend of $1.355 per share. The ex-dividend date was Friday, March 7th. This represents a $5.42 annualized dividend and a yield of 3.79%. PepsiCo's dividend payout ratio (DPR) is currently 77.99%.

Analyst Upgrades and Downgrades

A number of equities analysts have issued reports on the company. Citigroup decreased their price objective on PepsiCo from $195.00 to $170.00 and set a "buy" rating for the company in a report on Wednesday, February 5th. BNP Paribas lowered their price target on shares of PepsiCo from $162.00 to $160.00 and set a "neutral" rating for the company in a research report on Tuesday, February 4th. Wells Fargo & Company cut their price objective on shares of PepsiCo from $155.00 to $150.00 and set an "equal weight" rating on the stock in a report on Wednesday, February 5th. CICC Research reissued a "market perform" rating on shares of PepsiCo in a research report on Friday, February 7th. Finally, Deutsche Bank Aktiengesellschaft dropped their target price on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. One analyst has rated the stock with a sell rating, fourteen have assigned a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and a consensus target price of $168.12.

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.