Financial Perspectives Inc Raises Stock Position in PepsiCo, Inc. (NASDAQ:PEP)

Financial Perspectives Inc increased its stake in PepsiCo, Inc. (NASDAQ:PEP) by 7.8% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,399 shares of the company’s stock after purchasing an additional 101 shares during the period. Financial Perspectives Inc’s holdings in PepsiCo were worth $213,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors also recently bought and sold shares of the company. Highline Wealth Partners LLC acquired a new stake in PepsiCo in the 3rd quarter worth approximately $28,000. Collier Financial acquired a new stake in PepsiCo in the 4th quarter worth approximately $28,000. Legacy Investment Solutions LLC acquired a new stake in PepsiCo in the 3rd quarter worth approximately $31,000. Rakuten Securities Inc. boosted its stake in PepsiCo by 93.2% in the 3rd quarter. Rakuten Securities Inc. now owns 199 shares of the company’s stock worth $34,000 after purchasing an additional 96 shares in the last quarter. Finally, Creative Capital Management Investments LLC acquired a new stake in PepsiCo during the 4th quarter valued at approximately $30,000. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Price Performance

Shares of NASDAQ PEP opened at $144.10 on Wednesday. PepsiCo, Inc. has a 52 week low of $141.51 and a 52 week high of $183.41. The stock has a market capitalization of $197.63 billion, a price-to-earnings ratio of 20.73, a price-to-earnings-growth ratio of 2.95 and a beta of 0.54. The firm has a 50-day simple moving average of $149.48 and a 200-day simple moving average of $162.84. 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 (NASDAQ:PEP) 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. The company had revenue of $27.78 billion during the quarter, compared to analyst estimates of $27.89 billion. PepsiCo had a net margin of 10.43% and a return on equity of 58.87%. PepsiCo’s revenue was down .2% compared to the same quarter last year. During the same quarter last year, the firm posted $1.78 earnings per share. On average, equities analysts predict that PepsiCo, Inc. will post 8.34 earnings per share for the current fiscal year.

PepsiCo Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 31st. Stockholders of record on Friday, March 7th will be paid a $1.355 dividend. This represents a $5.42 annualized dividend and a dividend yield of 3.76%. The ex-dividend date of this dividend is Friday, March 7th. PepsiCo’s payout ratio is 77.99%.

Analyst Upgrades and Downgrades

PEP has been the subject of several research reports. Wells Fargo & Company decreased their price objective on shares of PepsiCo from $155.00 to $150.00 and set an “equal weight” rating for the company in a research note on Wednesday, February 5th. JPMorgan Chase & Co. decreased their price objective on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research note on Friday, January 24th. Evercore ISI decreased their target price on shares of PepsiCo from $180.00 to $160.00 in a research note on Tuesday, February 4th. UBS Group decreased their target price on shares of PepsiCo from $193.00 to $175.00 and set a “buy” rating for the company in a research note on Thursday, January 16th. Finally, Deutsche Bank Aktiengesellschaft decreased their target price on shares of PepsiCo from $184.00 to $178.00 and set a “buy” rating for the company in a research note on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have given a buy rating to the stock. Based on data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $171.47.

PepsiCo Company Profile

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.