Osher Van de Voorde Investment Management Purchases 22,280 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Osher Van de Voorde Investment Management boosted its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 24.1% in the fourth quarter, Holdings Channel.com reports. The firm owned 114,608 shares of the company’s stock after buying an additional 22,280 shares during the quarter. PepsiCo comprises approximately 4.3% of Osher Van de Voorde Investment Management’s investment portfolio, making the stock its 12th largest position. Osher Van de Voorde Investment Management’s holdings in PepsiCo were worth $19,465,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harbour Capital Advisors LLC increased its holdings in shares of PepsiCo by 0.4% during the fourth quarter. Harbour Capital Advisors LLC now owns 27,446 shares of the company’s stock valued at $4,747,000 after acquiring an additional 102 shares in the last quarter. Manchester Capital Management LLC increased its holdings in shares of PepsiCo by 1.4% during the third quarter. Manchester Capital Management LLC now owns 13,240 shares of the company’s stock valued at $2,243,000 after acquiring an additional 185 shares in the last quarter. Metis Global Partners LLC increased its holdings in shares of PepsiCo by 20.1% during the third quarter. Metis Global Partners LLC now owns 59,879 shares of the company’s stock valued at $10,146,000 after acquiring an additional 10,005 shares in the last quarter. Widmann Financial Services Inc. increased its holdings in shares of PepsiCo by 7.1% during the third quarter. Widmann Financial Services Inc. now owns 8,001 shares of the company’s stock valued at $1,356,000 after acquiring an additional 530 shares in the last quarter. Finally, Guinness Atkinson Asset Management Inc increased its holdings in shares of PepsiCo by 7.3% during the third quarter. Guinness Atkinson Asset Management Inc now owns 4,212 shares of the company’s stock valued at $714,000 after acquiring an additional 288 shares in the last quarter. Institutional investors own 71.40% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on PEP. Deutsche Bank Aktiengesellschaft lifted their price objective on PepsiCo from $181.00 to $184.00 and gave the stock a “hold” rating in a report on Friday, February 9th. Royal Bank of Canada reiterated a “sector perform” rating and issued a $180.00 price objective on shares of PepsiCo in a report on Monday, February 12th. Barclays lifted their price objective on PepsiCo from $179.00 to $183.00 and gave the stock an “overweight” rating in a report on Tuesday, February 13th. Wedbush reiterated an “outperform” rating and issued a $195.00 price objective on shares of PepsiCo in a report on Friday, February 9th. Finally, StockNews.com downgraded PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Seven investment analysts have rated the stock with a hold rating and six have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $187.77.

Get Our Latest Report on PepsiCo

PepsiCo Trading Down 0.1 %

Shares of NASDAQ:PEP opened at $164.66 on Friday. The stock has a market capitalization of $226.31 billion, a price-to-earnings ratio of 25.06, a PEG ratio of 2.59 and a beta of 0.53. The company has a debt-to-equity ratio of 2.02, a quick ratio of 0.68 and a current ratio of 0.85. The stock’s 50-day simple moving average is $167.27 and its two-hundred day simple moving average is $168.22. PepsiCo, Inc. has a 52-week low of $155.83 and a 52-week high of $196.88.

PepsiCo (NASDAQ:PEPGet Free Report) last released its earnings results on Friday, February 9th. The company reported $1.78 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.72 by $0.06. PepsiCo had a net margin of 9.92% and a return on equity of 58.03%. The company had revenue of $27.84 billion during the quarter, compared to analyst estimates of $28.40 billion. During the same period in the prior year, the firm posted $1.67 EPS. The firm’s quarterly revenue was down .6% compared to the same quarter last year. Analysts expect that PepsiCo, Inc. will post 8.15 EPS for the current year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Shareholders of record on Friday, March 1st will be given a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a dividend yield of 3.07%. PepsiCo’s payout ratio is currently 77.02%.

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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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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