Zuckerman Investment Group LLC increased its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP - Free Report) by 17.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 16,282 shares of the company's stock after purchasing an additional 2,457 shares during the period. Zuckerman Investment Group LLC's holdings in PepsiCo were worth $2,447,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also bought and sold shares of the stock. Collier Financial acquired a new stake in PepsiCo in the fourth quarter worth about $28,000. WealthTrak Capital Management LLC purchased a new stake in PepsiCo during the 4th quarter worth approximately $28,000. Creative Capital Management Investments LLC acquired a new position in PepsiCo during the 4th quarter valued at approximately $30,000. Prudent Man Investment Management Inc. acquired a new stake in shares of PepsiCo during the fourth quarter worth $30,000. Finally, Summit Securities Group LLC acquired a new position in shares of PepsiCo in the 4th quarter valued at $33,000. Institutional investors own 73.07% of the company's stock.
Wall Street Analysts Forecast Growth
A number of research analysts have recently weighed in on PEP shares. Deutsche Bank Aktiengesellschaft cut their price objective on PepsiCo from $184.00 to $178.00 and set a "buy" rating on the stock in a report on Wednesday, January 22nd. HSBC cut their price objective on shares of PepsiCo from $186.00 to $170.00 and set a "hold" rating on the stock in a research note on Tuesday, February 4th. StockNews.com lowered shares of PepsiCo from a "buy" rating to a "hold" rating in a report on Thursday, February 6th. TD Cowen decreased their price objective on PepsiCo from $183.00 to $160.00 and set a "hold" rating for the company in a report on Wednesday, January 8th. Finally, Jefferies Financial Group cut PepsiCo from a "buy" rating to a "hold" rating and reduced their price target for the company from $171.00 to $170.00 in a research report on Wednesday, March 12th. One equities research analyst has rated the stock with a sell rating, thirteen have assigned a hold rating and six have given a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Hold" and an average price target of $169.88.
Get Our Latest Report on PEP
PepsiCo Price Performance
Shares of PepsiCo stock traded up $1.15 on Monday, hitting $145.58. 2,056,458 shares of the company were exchanged, compared to its average volume of 6,072,504. The company has a 50-day moving average price of $148.37 and a 200 day moving average price of $155.68. The stock has a market capitalization of $199.64 billion, a price-to-earnings ratio of 20.95, a price-to-earnings-growth ratio of 3.09 and a beta of 0.49. 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 1-year low of $138.33 and a 1-year high of $183.41.
PepsiCo (NASDAQ:PEP - Get Free Report) last announced its quarterly earnings data on Tuesday, February 4th. The company reported $1.96 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo's quarterly revenue was down .2% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.78 earnings per share. As a group, sell-side analysts predict that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.
PepsiCo Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Monday, March 31st. Shareholders of record on Friday, March 7th were given a $1.355 dividend. The ex-dividend date of this dividend was Friday, March 7th. This represents a $5.42 dividend on an annualized basis and a yield of 3.72%. PepsiCo's payout ratio is currently 77.99%.
About PepsiCo
(
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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