Dynamic Advisor Solutions LLC Increases Stake in PepsiCo, Inc. (NASDAQ:PEP)

Dynamic Advisor Solutions LLC raised its position in PepsiCo, Inc. (NASDAQ:PEPFree Report) by 77.3% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 43,622 shares of the company’s stock after purchasing an additional 19,012 shares during the quarter. Dynamic Advisor Solutions LLC’s holdings in PepsiCo were worth $7,370,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. DHJJ Financial Advisors Ltd. bought a new stake in shares of PepsiCo in the 3rd quarter worth $25,000. Pacifica Partners Inc. acquired a new position in shares of PepsiCo during the third quarter worth $27,000. West Tower Group LLC acquired a new stake in PepsiCo in the second quarter valued at about $36,000. VitalStone Financial LLC purchased a new stake in PepsiCo in the 2nd quarter worth approximately $46,000. Finally, Pacific Center for Financial Services bought a new stake in shares of PepsiCo in the 1st quarter worth about $47,000. Institutional investors and hedge funds own 71.40% of the company’s stock.

Wall Street Analyst Weigh In

PEP has been the subject of several research analyst reports. Citigroup raised PepsiCo from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $180.00 to $195.00 in a research note on Monday, February 12th. StockNews.com cut PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Wedbush reiterated an “outperform” rating and set a $195.00 target price on shares of PepsiCo in a research report on Friday, February 9th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $180.00 target price on shares of PepsiCo in a research report on Monday, February 12th. Finally, JPMorgan Chase & Co. downgraded PepsiCo from an “overweight” rating to a “neutral” rating and lowered their price target for the company from $185.00 to $176.00 in a report on Tuesday, December 19th. Six equities research analysts have rated the stock with a hold rating and seven have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.77.

View Our Latest Stock Report on PepsiCo

PepsiCo Trading Up 0.6 %

PEP stock traded up $1.10 during trading on Tuesday, hitting $172.36. 1,502,471 shares of the company traded hands, compared to its average volume of 5,988,737. The firm has a market capitalization of $236.90 billion, a PE ratio of 26.07, a P/E/G ratio of 2.58 and a beta of 0.53. PepsiCo, Inc. has a 1 year low of $155.83 and a 1 year high of $196.88. 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 company has a 50-day moving average of $167.31 and a 200-day moving average of $168.09.

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

PepsiCo Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Monday, April 1st. Investors of record on Friday, March 1st will be paid a $1.265 dividend. The ex-dividend date of this dividend is Thursday, February 29th. This represents a $5.06 annualized dividend and a dividend yield of 2.94%. PepsiCo’s dividend payout ratio (DPR) is presently 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.

See Also

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Institutional Ownership by Quarter for PepsiCo (NASDAQ:PEP)

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