Stifel Financial Corp Grows Holdings in PepsiCo, Inc. (NASDAQ:PEP)

Stifel Financial Corp raised its position in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 4.0% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,646,032 shares of the company's stock after purchasing an additional 214,679 shares during the period. PepsiCo makes up approximately 0.9% of Stifel Financial Corp's holdings, making the stock its 12th largest holding. Stifel Financial Corp owned approximately 0.41% of PepsiCo worth $858,552,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of PEP. Tcfg Wealth Management LLC raised its position in shares of PepsiCo by 3.5% in the fourth quarter. Tcfg Wealth Management LLC now owns 1,938 shares of the company's stock worth $295,000 after acquiring an additional 66 shares during the period. Lincoln Capital LLC increased its position in shares of PepsiCo by 0.4% in the fourth 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 in the last quarter. Marshall Financial Group LLC grew its stake in PepsiCo by 2.3% in 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 during the period. Osprey Private Wealth LLC lifted its holdings in 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. raised its position 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 purchasing an additional 70 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on PEP. Citigroup decreased their target price on PepsiCo from $195.00 to $170.00 and set a "buy" rating on the stock in a research report on Wednesday, February 5th. Royal Bank of Canada began coverage on shares of PepsiCo in a research note on Tuesday, February 4th. They issued a $172.00 price target on the stock. Barclays lowered shares of PepsiCo from an "overweight" rating to an "equal weight" rating and decreased their target price for the stock from $168.00 to $156.00 in a research note on Tuesday, March 18th. JPMorgan Chase & Co. lowered their price objective on PepsiCo from $183.00 to $165.00 and set a "neutral" rating on the stock in a research note on Friday, January 24th. Finally, Bank of America reissued a "neutral" rating and set a $155.00 price target (down previously from $185.00) on shares of PepsiCo in a research report on Tuesday, April 15th. One equities research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus target price of $168.12.

PepsiCo Trading Up 2.0 %

Shares of NASDAQ PEP opened at $142.84 on Monday. The company has a current ratio of 0.82, a quick ratio of 0.65 and a debt-to-equity ratio of 2.05. The stock has a market capitalization of $195.88 billion, a PE ratio of 20.55, a PEG ratio of 3.09 and a beta of 0.49. The stock has a fifty day simple moving average of $148.16 and a 200-day simple moving average of $154.74. PepsiCo, Inc. has a twelve month low of $138.33 and a twelve month high of $183.41.

PepsiCo (NASDAQ:PEP - Get Free Report) last announced 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 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 the consensus estimate of $27.89 billion. During the same period in the prior year, the firm earned $1.78 EPS. The firm's revenue for the quarter was down .2% on a year-over-year basis. On average, equities analysts forecast that PepsiCo, Inc. will post 8.3 earnings per share for the current year.

PepsiCo Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 31st. Investors of record on Friday, March 7th were paid a dividend of $1.355 per share. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a dividend yield of 3.79%. PepsiCo's payout ratio is 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.

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