Saybrook Capital NC Purchases 2,157 Shares of PepsiCo, Inc. (NASDAQ:PEP)

Saybrook Capital NC lifted its holdings in shares of PepsiCo, Inc. (NASDAQ:PEP) by 15.3% in the fourth quarter, HoldingsChannel reports. The institutional investor owned 16,262 shares of the company’s stock after buying an additional 2,157 shares during the period. PepsiCo makes up about 0.7% of Saybrook Capital NC’s holdings, making the stock its 23rd largest holding. Saybrook Capital NC’s holdings in PepsiCo were worth $2,473,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of the business. SLT Holdings LLC acquired a new position in shares of PepsiCo during the 4th quarter worth about $416,000. Sound View Wealth Advisors Group LLC boosted its stake in shares of PepsiCo by 5.5% during the 4th quarter. Sound View Wealth Advisors Group LLC now owns 33,033 shares of the company’s stock worth $5,023,000 after buying an additional 1,722 shares during the last quarter. Enterprise Financial Services Corp boosted its stake in shares of PepsiCo by 4.5% during the 4th quarter. Enterprise Financial Services Corp now owns 70,635 shares of the company’s stock worth $10,741,000 after buying an additional 3,031 shares during the last quarter. Sowell Financial Services LLC lifted its stake in PepsiCo by 8.9% in the 4th quarter. Sowell Financial Services LLC now owns 32,018 shares of the company’s stock valued at $4,869,000 after purchasing an additional 2,629 shares during the last quarter. Finally, AlphaQuest LLC lifted its stake in PepsiCo by 126.6% in the 4th quarter. AlphaQuest LLC now owns 2,579 shares of the company’s stock valued at $392,000 after purchasing an additional 1,441 shares during the last quarter. 73.07% of the stock is currently owned by institutional investors and hedge funds.

PepsiCo Stock Performance

PepsiCo stock opened at $154.44 on Friday. PepsiCo, Inc. has a 12-month low of $141.51 and a 12-month high of $183.41. The company has a quick ratio of 0.65, a current ratio of 0.82 and a debt-to-equity ratio of 2.05. The business’s 50-day moving average price is $148.80 and its two-hundred day moving average price is $160.86. The stock has a market cap of $211.81 billion, a PE ratio of 22.22, a P/E/G ratio of 3.09 and a beta of 0.52.

PepsiCo (NASDAQ:PEP) last released its earnings results 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 return on equity of 58.87% and a net margin of 10.43%. The firm had revenue of $27.78 billion for the quarter, compared to analysts’ expectations of $27.89 billion. During the same quarter in the previous year, the business posted $1.78 earnings per share. The business’s revenue for the quarter was down .2% on a year-over-year basis. As a group, analysts expect that PepsiCo, Inc. will post 8.3 earnings per share for the current fiscal year.

PepsiCo Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 31st. Shareholders of record on Friday, March 7th will be given a $1.355 dividend. This represents a $5.42 dividend on an annualized basis and a yield of 3.51%. The ex-dividend date is Friday, March 7th. PepsiCo’s dividend payout ratio is presently 77.99%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on PEP shares. Barclays raised their target price on shares of PepsiCo from $153.00 to $168.00 and gave the company an “overweight” rating in a research note on Thursday. Morgan Stanley cut their price objective on shares of PepsiCo from $185.00 to $168.00 and set an “equal weight” rating for the company in a research report on Wednesday, February 5th. StockNews.com downgraded shares of PepsiCo from a “buy” rating to a “hold” rating in a research report on Thursday, February 6th. BNP Paribas cut their price objective on shares of PepsiCo from $162.00 to $160.00 and set a “neutral” rating for the company in a research report on Tuesday, February 4th. Finally, JPMorgan Chase & Co. dropped their price target on shares of PepsiCo from $183.00 to $165.00 and set a “neutral” rating for the company in a research report on Friday, January 24th. One investment analyst has rated the stock with a sell rating, twelve have issued a hold rating and eight have assigned a buy rating to the company’s stock. According to MarketBeat.com, PepsiCo currently has a consensus rating of “Hold” and a consensus target price of $172.35.

PepsiCo 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.