Cornerstone Capital Inc. Has $26.20 Million Stake in PepsiCo, Inc. (NASDAQ:PEP)

Cornerstone Capital Inc. decreased its position in PepsiCo, Inc. (NASDAQ:PEP) by 3.8% in the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 154,250 shares of the company’s stock after selling 6,054 shares during the period. PepsiCo comprises about 2.9% of Cornerstone Capital Inc.’s investment portfolio, making the stock its 11th biggest holding. Cornerstone Capital Inc.’s holdings in PepsiCo were worth $26,198,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. LFA Lugano Financial Advisors SA boosted its stake in shares of PepsiCo by 80.5% during the 4th quarter. LFA Lugano Financial Advisors SA now owns 157 shares of the company’s stock valued at $27,000 after buying an additional 70 shares during the period. Life Planning Partners Inc acquired a new stake in shares of PepsiCo during the 4th quarter valued at $34,000. Naples Money Management LLC acquired a new stake in shares of PepsiCo during the 4th quarter valued at $36,000. Criterion Capital Advisors LLC bought a new position in shares of PepsiCo during the 4th quarter valued at $39,000. Finally, Avion Wealth raised its holdings in shares of PepsiCo by 61.7% during the 4th quarter. Avion Wealth now owns 241 shares of the company’s stock valued at $41,000 after purchasing an additional 92 shares in the last quarter. Institutional investors and hedge funds own 73.07% of the company’s stock.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $180.00 price target on shares of PepsiCo in a report on Monday, February 12th. Argus downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Wednesday, April 3rd. JPMorgan Chase & Co. lifted their target price on shares of PepsiCo from $178.00 to $181.00 and gave the stock a “neutral” rating in a report on Wednesday. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a report on Monday, February 12th. Finally, Jefferies Financial Group lifted their target price on shares of PepsiCo from $199.00 to $209.00 and gave the stock a “buy” rating in a report on Friday, April 5th. Six equities research analysts have rated the stock with a hold rating and six have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $187.42.

PepsiCo Price Performance

Shares of PepsiCo stock opened at $175.58 on Friday. The company has a debt-to-equity ratio of 1.96, a quick ratio of 0.68 and a current ratio of 0.86. The firm’s 50-day simple moving average is $169.40 and its 200-day simple moving average is $167.88. PepsiCo, Inc. has a twelve month low of $155.83 and a twelve month high of $196.88. The firm has a market cap of $241.39 billion, a P/E ratio of 26.40, a price-to-earnings-growth ratio of 2.86 and a beta of 0.53.

PepsiCo (NASDAQ:PEP) last issued its earnings results on Tuesday, April 23rd. The company reported $1.61 earnings per share for the quarter, beating the consensus estimate of $1.52 by $0.09. The business had revenue of $18.25 billion for the quarter, compared to analyst estimates of $18.08 billion. PepsiCo had a net margin of 10.00% and a return on equity of 57.37%. The firm’s revenue was up 2.3% on a year-over-year basis. During the same period in the previous year, the business earned $1.50 EPS. As a group, research analysts expect that PepsiCo, Inc. will post 8.16 EPS for the current fiscal year.

PepsiCo Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, April 1st. Shareholders of record on Friday, March 1st were given a $1.265 dividend. The ex-dividend date of this dividend was Thursday, February 29th. This represents a $5.06 dividend on an annualized basis and a yield of 2.88%. PepsiCo’s dividend payout ratio (DPR) is presently 76.09%.

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.